Is this good news?

[Ini35]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

A source would have been better, in order to credit the author of the write up.
I have always known Korea to be lover of crypto, so there won't really be so much antagonism there.
Then the advise put forward might not be accepted by some countries who are yet to understand the benefit behind blockchain technology. Well, its good to see that some countries have already keyed into it

[batang_bitcoin]

Do you really think that "Korean Bar Association" can make any impact on cryptomarket or Korean government?! Much more bigger news about crypto came in last months, but market doesnt react at all, it is very bearish right now.

Even a good news won't really create a buzz in the market anymore.

This is a good news for the adoption of blockchain but no effect at all. Though before news do really affect but right now it seems that the demand is still the one that dominates the market. I'm not sure if KBA is too popular to move the market or create a little movement.

[andigentho]

I think this is a good step, by urging the government to break away from negative perceptions and doubts will make investors back to believe in krypto. Hopefully it can encourage trust and investment again.

[KuyaBreezy]

I think this is the most we can expect from a government that doesn't like cryptos very much, the Korean market is quite large, so in the end, this type of permit will help the ecosystem, so if it can be beneficial, this is better than a total ban of cryptos, for example.

[Baofeng]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

No. This kind of news is not enough in my opinion to push the price again although this is really a welcoming news especially for South Koreans. Again, we really do have a lot of interesting news coming out but its seems that investors are no longer interested or just waiting for the big one, SEC ETF's review and decision and the Bakkt physical bitcoin offerings. I think those two will really impact the market in a positive way, so we have to watch out for this news in the next coming days.

[rodskee]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

That's is true crypto is under surveillance because of ETF until now is in the hang from sec aproval
Blockchain development are good help for cryptocurrency to increase accessible transaction and good effect in the cryptocurrency market

[VieleSind]

Current times can not expect anything from the government as they will always prohibit cryptocurrency in the current market economy is as depressing. And my opinion is that with the current economic situation, cryptocurrency has a great chance to improve in the future.

[Dessy88]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

hopefully this will be good news and can encourage the government to agree with crypto, this can also be good news for investors, at least there is little good news so those who are worried can be relieved at the moment but it all depends on the government.

[mongkie]

it is high time to oust strict guidelines in ico and cryptocurrency investing not only in korea but also for all over the globe. this rules will be the basis of other countries rules and so on. this will be a chain reaction in accepting cryptos.

[fabuloveu]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

 There is no good news about this yet. Government will not stop spiting rubllish on crypto until their paper money failed them. It is not yet time, Good news will surely come in its own time.

[kemetz]

by taking part in the government's contribution to the blockchain industry involving cryptocurrency I think that is quite good news, so that there will be more wise rules for all about crypto and there will be many investors who believe in ICO projects that are in crypto.

The government will certainly participate in regulating ICO growth in crypto and later only ICO that pass regulations can emerge and are good for investment.

[adekogbe]

This is a sign of progress in the clamor for adoption of cryptocurrencies, however, countries are not too quick to jump at the decisions that have this kind economic of impact, so it will take a lot more to convince a country to change it laws about cryptocurrencies.

[triciaa478]

The government has its own plans concerning cryptocurrency and I don't think you can pursue him much. Korea is already a bitcoin free country and I don't think there would be much hurdles in implementing anything that is crypto related while the government won't allowed.

[grendel25]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

yes, of course this is very good news indeed.  International precedent is very important and South Korea is a significant player on the world stage... hugely because of the dominance of their conglomerations such as Samsung, Kia, Hyundai, etc.  I am very happy to see this support for blockchain and financial technologies.

[trahaubab]

I, actually don`t like news that is somehow connected with regulators or countries, as regulations aren`t things that we need.
Maybe financial crysis would be great for crypto

[missyqt29]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

As we can see, there is a lot of korean's being part of many ICO projects. They efficiently utilize their task in order for the success of the ICO. In this case, we can conclude that korea is adopting to the development of cryptocurrency.

[Checkoi]

if the government starts to support bitcoin and cryptocurrency, then of course it will give a huge impetus to the growth of the cryptocurrency market

[MRlong]

One thing to remember is that the government will never accept cryptocurrency at this time because the current economy is falling sharply. Can only hope for the future, when the economy recovers, the payment is transferred over the Internet, there is hope that cryptocurrency becomes popular and approved.

[transformt]

At the moment, this news will absolutely not affect the market because it is just someone suggested. there is nothing here because of what the market would start to grow

[VK.point]

I don't think that this news is special, and it all seems ordinary. If this kind of news can affect the market situation, the same news may appear every week. So in my opinion, this is not very interesting.