South Korea quarantines and burn their cash due to Coronavirus

[FanatMonet]

As for me, these are too drastic measures. To begin with, it would be necessary to treat them with ultraviolet and ozone, and check whether the coronavirus survives after such treatment. If survives, then only the burning of all infected banknotes.

It will be easier for them to burn the bank notes and create one than scanning it one by one with UV. They are considering to burn the bank notes from their local banks for pre-emptive measure securing the mass. Money is just a regulated paper with a value, it does not contain any value at all. It would be a lot harder if their are using commodity money.  I guess we should start on not only wearing a face mask but also a hand gloves. better to be safe than sorry.

Of course, they can burn at least all the cash in the country, but such actions in any case will entail negative consequences, because even in such a fairly technologically advanced country as Korea, there is still a need for cash, the use of coins is also not an option, nominal values ​​are too low + again, the area for bacteria.

[Spaffin]

I can’t understand why to burn money if the coronavirus has a certain period of incubation period.  It is enough to withstand money in a certain environment for two weeks and the virus will die by itself.
Now, if Korea switches completely to cryptocurrency, then nobody can get infected with paper banknotes.

[qory]

Many countries have bigger effect from Corona virus and look most worries when my country faced the same cases with Corona virus, I think best way how to stop it never give chance for people come from China coming in our country and stop for them before many people got Corona virus.

[Blackdeath]

I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.

[fiulpro]

The government is thinking about the people there at least , cash is something that will spread the virus way faster than any person or anything. This could cause problem for the whole economy , more people with Corona Virus, more and more money the government would loose as a whole , therefore burning the cash might seem as a bad idea but it is indeed the best possible option. 

Now it's time for people to use the online currencies and their credit and debit cards ..

[dothebeats]

People should know that viruses aren't living things, just rogue proteins capable of creating multiple copies of themselves in a host cell to propagate and multiply, causing chaos within the host's body. Usually, these proteins denature or aren't usable/capable of multiplying after a few hours due to their environment, and perhaps SoKor failed to prevent the spread of the virus due to mishandling of the scenario or just plainly underestimating how infectious the disease is. Burning banknotes will not do so much if the virus already spread throughout the country, and people are still roaming freely without knowing that they are already a carrier of the said disease.

I'm really not impressed by them keeping their money circulation tight up to the extent that they have to burn their own currency. There has to be more than that than just the virus itself.

[Arcas]

Will be there are have many investor of bitcoin get quarantines? I think will be positive way because they will lost connection with mobile phone during quarantines and forget for selling their bitcoin assets, but could give positive to make bitcoin on the top price.

[Leonardo7]

I pray a cure comes out quickly for the treatment of the infected people, while scientist are working hard to find a vaccine for this deadly Virus, it would have been good for the government to encourage people to start using Cryptocurrency it may not be bitcoin since they always bash bitcoin, they can adopt a stable coin and world with bitcoin developers.

[target]

The virus is spreading even in my tropical country, it can survive under the heat.

If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes.  Stablecoin?

[TheGreatPython]

Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.

Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.

[Twentyonepaylots]

The virus is spreading even in my tropical country, it can survive under the heat.

Yes but not with so much heat, As I read through some articles the corona virus we have now cannot live more than 60 centigrade. But our body temperature, they can support the virus.

If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes.  Stablecoin?

Won't have any value? As far as I know South Korea are burning cash just because it is from local banks which is prone to inhabited by the virus and so burning is the only way to eliminate it. It is easy for the government to do this but this is an extra effort which I want to commend, this is an added measure to prevent the virus from spreading from hand-in-hand contact.

[thesmallgod]

Aside from the fast rate at which the virus spread, I still think the rate of causing death is low compare to some other pandemic such as the ebola. You can not take superstitious beliefs away from people and this is the reason why there will be more suffering during this period. I am very sure the WHO will have the most effective way of dealing with money suspected to be harboring the virus other than burning a huge amount of money. It is insane and I hope this virus ish stop soon

[Sanugarid]

I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.

I think the main reason why they are burning their money because of what I have read that the virus can also spread because of the money, I don't really know how that could happen but I think that is the main reason why they are burning the money since the virus is really spreading and it is now a pandemic disease wherein it is spreading all around the world. But it is indeed a good idea to approved the usage of cryptocurrency as of now for them to make the transaction even if they are not holding physical money (fiat).

Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.

Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.

The virus maybe can stay into the money that is why it is really good to wash your hand before holding money. It is just for your own sake, the South Korea's idea is indeed good so the money that is carrying the virus cannot spread and infect their citizen.

[target]

The virus is spreading even in my tropical country, it can survive under the heat.

Yes but not with so much heat, As I read through some articles the corona virus we have now cannot live more than 60 centigrade. But our body temperature, they can support the virus.

If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes.  Stablecoin?

Won't have any value? As far as I know South Korea are burning cash just because it is from local banks which is prone to inhabited by the virus and so burning is the only way to eliminate it. It is easy for the government to do this but this is an extra effort which I want to commend, this is an added measure to prevent the virus from spreading from hand-in-hand contact.

They were saying the Covid19 can mutate itself and can adopt whichever they can. There was an incident explained by someone I've seen on youtube where Covid19 affected an animal and then pass on to a human. And this means that it can live to mutate in any condition the environment therein, this is really a hybrid virus that can wipe out the people with poor health condition.

[yanto@1977]

I read about this news but I'm really sure they get the wrong anticipation. Cash is not the way the virus spread but if you eat from wild animal, their organ and blood already infected with virus and our antibody can't defeat it. South Korea take respond even look's over but I believe they have reason. All victim should quarantine to get treatment and let's hope they can heal fast.

[cotton ball]

Most effective country in the world for attacking Corona virus is South Korea, we can see how many their people keep safety after Corona virus attack around the world and their people could be getting well with short time, now day by day just few people in South Korea get corona virus because many people have been well.

[Kurokonobasuke]

When the corona virus starts, it is rapidly spread all over the world. In the past 4 months the total number of case is 309,081 and it was very upsetting. The primary reason of rapidly spreading of virus is crowded places and tangible money. That's why the South Korea burns their cash to prevent them to be one of the infected cases, because tangible money can pass the virus through giving them personally. In the crisis that we faced the digital money is a must, because it help us to prevent of spreading the virus through using digital money in those online transactions.

[TitanGEL]

I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.

I think the main reason why they are burning their money because of what I have read that the virus can also spread because of the money, I don't really know how that could happen but I think that is the main reason why they are burning the money since the virus is really spreading and it is now a pandemic disease wherein it is spreading all around the world. But it is indeed a good idea to approved the usage of cryptocurrency as of now for them to make the transaction even if they are not holding physical money (fiat).

Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.

Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.

The virus maybe can stay into the money that is why it is really good to wash your hand before holding money. It is just for your own sake, the South Korea's idea is indeed good so the money that is carrying the virus cannot spread and infect their citizen.

What they did is good because they managed to stop the spreading of the virus. Their government are aware that any formed of cash can also be a carrier of the virus that can infect many people. I think it is really the best time to use virtual currency that can reduce the risks of other people exposing to the virus and can lessen the community transmission.

[nosferzd]

For 5 years now I haven’t actually used paper money, it’s easier for me to pay with credit or debit cards. I fully support the paper assets quarantine policy of South Korea, as these measures are aimed primarily at the safety and well-being of people. The situation with COVID-19 will push the governments of the countries to switch from paper assets to electronic or crypto assets

[Meowth05]

This is a perfect measure in making sure that the further spread of the virus will help in making sure the well-being of people. This pandemic has quickly posed a threat to the supply of fiat currency in many countries because it can be a carrier for the virus, but I am sure that there will come a time that it will be resolved and everything will go back to normal.