South Korea discuss the possibility to give crypto a legal status

[Expecto]

South Korea gives big importance to cryptocurrency market. I think it will not be surprising to see them be the pioneers of a crypto legalization. If they make it real, this will also be a brave move when other countries are not willing to do such thing.

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[bitcoinposts]

After japan now it is time for south korea to launch their own crypto regulation by this regulation we can expect more countries to follow regulation and this regulation will bring positive approach for crypto currencies industry

[educart]

I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.

[Waterfull446]

I don’t understand where such pessimism comes from if half of the crypto exchanges were not liquid from the very beginning. They do not have a unique offer to withstand competition and there are so many that they do not meet demand. I think it’s better to keep strong exchanges that comply with the law and have a license.

You forget that half of the cryptocurrencies will also disappear from the market and a new generation of coins will come. These are ordinary processes. The market eliminates weak players. This is better for investors. I understand that it may happen that the remaining exchanges will dictate special conditions, but the creation of new exchanges will continue.

[samcrypto]

After japan now it is time for south korea to launch their own crypto regulation by this regulation we can expect more countries to follow regulation and this regulation will bring positive approach for crypto currencies industry

They badly needed the regulations because of too much hacking incidents on most of the exchanges there and I hope this regulations can be more strict on exchanges because we lose too much money from the hackers. Yes, if bigger countries regulates cryptocurrency then we can expect other countries to think about it. We are not in rush on regulations, let’s be patience and every countries will adopt soon, we will mark the next 10years of cryptocurrency with a lot of good news.