Bitcoin ban in South Korea - page 3.

wellsontheja

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Quote from: Rabby637 on September 30, 2017, 06:24:57 PM

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
If banned then What's the future of BTC now?

I doesn't heard about south korea will ban bitcoin what i hear is korea ban ico. Well is btc banned at south korea i think even if btc got banned at south korea it's will not cause too much trouble.

Asgar 9

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North Korea is a totalitarian state. I'm not surprised that there are problems. countries such as North Korea always have a negative attitude towards what is capable of making a person more free.

Aventhe

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Quote from: Rabby637 on September 30, 2017, 06:24:57 PM

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
If banned then What's the future of BTC now?

As far as I know, China only banned ICOs and not Bitcoin as a whole. I am still unsure about the whole situation with the Bitcoin exchange sites and whether they have been banned too or not. I guess I still need to conduct further research in that area.

Bitcoin is still emerging as a transaction method for countries and businesses alike. Since the government doesn't want it, it will be highly unlikely that they will provide support for businesses who use bitcoin. We still have to wait and see. As for Korea, I have not read anywhere that it has been banned.

lighpulsar07

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Quote from: Rabby637 on September 30, 2017, 06:24:57 PM

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
If banned then What's the future of BTC now?

No. bitcoin isn't banned in south korea they are just banning the ICOs in their country to protect it's citizens from those fraudsters and also they are putting regulations in bitcoin exchanges ordering to use kyc or verification on their customers

ivrynx

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Is this again a way to create panic? I think people are now just doing these things, trying.to lower down the price of bitcoin, they need to do something else, there.is no truth behind this false news, south korea still has to make clarifications regardinnthe banning of ICOs, but i think they would less likely to ban bitcoin, considering they already invrested huge amounts of money just on mining alone. Hopefully this kind of news will stop, after south korea, which country are they going say that are banning bitcoins? Journalist or even common men, should stop spreading news that isn't true, bitcoin in korea is still legal, and can still be used, do not panic and sell out on fake news, we still mut wait for korea's statement and do our validation.

ReLieD

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Apparently all the news like Bitcoin ban , Bitcoin boycotted in so and so country is fake. All these things are just spread to make prices of Bitcoin to fall so that they can buy bitcoin at cheaper rates. But now this trick is kinda outdated as already the prices have been manipulated by JP Morgan and China. So I don't think any other country announcing that It is banning btc won't work anymore .

migolmigol

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I think what they did ban is the ICO. But the existing cryptocurrency, like Bitcoin, that already is being traded in the market are not part of the ban.

kotajikikox

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Quote from: Rabby637 on September 30, 2017, 06:24:57 PM

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
If banned then What's the future of BTC now?

i think this are the same china banned the bitcoin ICO rumor of exchange mining but now i heard in the news china back again into the reality after the banning bitcoin china government are accepted again bitcoin as currency, in this situation about banned of bitcoin in korea my prediction will fixed again the problem and accept again the bitcoin in korea.

Slark

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Quote from: rebel92 on September 30, 2017, 06:40:20 PM

We don't know if South Korea may end up banning ICOs altogether. If so, then the market may go down a bit which would create a great buying opportunity.

Korea followed China and banned ICOs that is a fact - which is actually really great!
Because ICOs recently become nothing but plague and most of them are nothing but pure planned scam or scam waiting to happen when something will go wrong during the development process.
Without ICO we will have 'clearer' perspective and investors instead of rising their money on ICO will choose some older, better, and more reliable coins (i.e. BTC) to buy.

ProGamerJojo

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Bitcoin didn't ban in south korea as i read the news about this situation however they decided to ban ICO but don't worry because they know what they doing to fix this problem fast. Wink

Md Saad

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I don't think that news has come from an authentic source. they have taken an initiative to regulate this virtual market but they don't even ban Bitcoin. this is ridiculous. this is really a fake news.
day By day Bitcoin is becoming a popular currency and a lot of people already got engaged with this platform. South Korean government has a tendency to take some steps in this market, they are giving an opportunity to spend Bitcoin for the Foreigners in this territory. so that this news has no authenticity.

Golftech

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Quote from: Barcode_ on October 01, 2017, 05:10:47 AM

For your information, South Korea did not ban bitcoin, they only decided to ban ICOs crowdfunding projects in their country, I think there are just way too many ICOs scam nowadays in the market, it seems that most of the governments will start to take actions against ICOs too following China and South Korea.

They just wanted to make sure that their people will not be victimized because of the trend of bitcoin or crypto from their country and most of the scammers loves to open an ICO and attract people to invest so their government needs to create some regulations just like chinas planning to do.

Barcode_

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For your information, South Korea did not ban bitcoin, they only decided to ban ICOs crowdfunding projects in their country, I think there are just way too many ICOs scam nowadays in the market, it seems that most of the governments will start to take actions against ICOs too following China and South Korea.

Theb

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I don't think after regulating several cryptocurrency exchanges in South Korea they will ban Bitcoin. Clearly this are rumors which I don't know where you heard it because there will be no factual basis on the news you heard. Additionally reading official news about how South Korea sees the potential of Cryptocurrency in general for its tourist visitors use as a mode of payment and for their convenience in not converting their money to Korean Won will clearly wipe off the rumor you picked off.

Granxis

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I do not understand that South Korea is coming to such a ban, because the character of South Korea is the opposite. Maybe it would have been true if these rumors were about North Korea, but I do not believe that South Korea will make such a ban.

Casdinyard

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Quote from: Wesimon on October 01, 2017, 04:11:52 AM

It's a bad thing that people tends to define ICO and Bitcoin as one. When there is an issue of china banning ICO, there comes also China banning bitcoin which is far different. I think it's okay if some country would ban ICO or lets say they will regulate because of the coins being made just for money interest. It's just being wise I guess.

Yeah you have a point. Bitcoin and ICO are not directly connected with each other.
Yes banning of ICO had an adverse effect in bitcoin recently but many are using this to create fuds that bitcoin will loss its value. But the sad part here is China took that opportunity to buy as much as they can and now China has huge supply of it. No wonder they're wiser as ever. And banning of ICO is just a way of getting rid of frauds hope everyone will not abuse these to make some misleading news.

SocialCloud

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You must understand the defference between ICO and Bitcoin. Neither China nor South Korea has ban the use of Bitcoin is it just shutting down of ICO.

Doms

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South Korea nowadays is one of the countries where a big chunk of bitcoin transactions happen. Banning bitcoin there would just be counter productive as they are only starting to embrace bitcoin for what it is. It would also have affected the price negatively but seeing that the price is steadily increasing again, seems that everything is fine and dandy in South Korea.

Wesimon

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It's a bad thing that people tends to define ICO and Bitcoin as one. When there is an issue of china banning ICO, there comes also China banning bitcoin which is far different. I think it's okay if some country would ban ICO or lets say they will regulate because of the coins being made just for money interest. It's just being wise I guess.

BY_ATOM

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And the Internet appeared playing against the prohibition of the ICO in China and the Young in Korea. Maybe the news is really true.

Topic: Bitcoin ban in South Korea - page 3. (Read 1674 times)