Topic: [2018-01-17] South Korea Military Blocks Soldiers’ Access to Cryptocurr. Trading (Read 120 times)

Yep. In this case they should only be focusing on serving their country, and not have themselves be distracted by potential losses and whatnot that trading often results in. I however don't really see the importance of this article in the way it's being portrayed. It's like they want to make it seem worse than it in reality is, and for what? That's right, ad revenue. I wonder how the mainstream media will bring this news forward, more likely in the way of; After more Asian restrictions by their governments, now even South Korean soldiers aren't allowed to visit crypto trading platforms anymore. It's starting to look very bad for all crypto enthusiasts.

Well then of course when they are on duty they shouldn't spend time looking at the crypto market!

Maybe that's done to solders concentrate on their military study, but not think and discuss the crypt market changes all the time?  Well, how many time a guy should be on duty there? A year, I guess. During this time it can happen many things in the crypto world, but what to do?! I think military guys will survive 

South Korea’s national defense ministry has begun blocking access to online cryptocurrency trading platforms in military bases.

As Korean financial officials ponder a wider clampdown on domestic cryptocurrency trading markets, the country’s military is already weighing up and enforcing its own measures to keep soldiers from trading cryptocurrencies like bitcoin, the Korea Times reports.

Since Monday, the Ministry of National Defense has been busy putting up firewalls to block soldiers’ access to cryptocurrency exchanges at internet cafes at various military bases.

In a notice, the ministry said:

“According to internal rules, we will gradually shut down internet access to websites on encrypted currency starting Monday.”

The cited ‘internal rules’ categorize cryptocurrency exchanges alongside online gambling and pornographic website which are also blocked under Korean military regulations. Further, the defense ministry is also working toward developing and introducing regulatory curbs against crypto trading, beyond blocking access to trading platforms.

“We are going to announce specific countermeasures for cryptocurrency transactions made in military units,” a South Korean ministry official reportedly added. “The ministry is in internal talks to confirm whether it is against military regulations.”

The developments come at a time of increased scrutiny into local cryptocurrency markets – among the largest in the world – by Korea’s government and regulators. Last week, the country’s justice ministry proposed a complete shuttering of all cryptocurrency exchanges in a draft law. The backlash was immediate and compelled the country’s Presidential Office to issue a statement cooling such fears. The Justice Ministry, having seen its proposal receive no support from other government agencies including the Ministry of Finance, eventually softened its stance.

Meanwhile, the military, which presumably operates under its own code of laws, told soldiers in a notice this week:

“We urge soldiers to refrain from visiting digital token exchanges to avoid disappointment from our decision to block access to relevant sites.”

https://www.ccn.com/south-korea-military-blocks-access-cryptocurrency-trading/