Topic: Bitcoin purchase for foreigners in South Korea? (Read 155 times)
Thank you for your comment. That is really true. I hope this ban would be removed soon. Even though according to recent news the shinhan bank announced a crypto account opening for users. And korea being one of the main investors of crypto. Such bans can not only adversely effect the crypto in korea but overall.
I am expecting that soon the government would harmonize the rules regarding this matter so as to not restrict the inflow of capitals that will be going to approved local cryptocurrency exchanges. I think the government is actually concern of the implications if they allow foreigners to buy cryptocurrency within the country. Let's just wait for the time when things have already settled...maybe by then there can be a way for foreigners to get involved with cryptocurrency in a country not of their own.
Hello
As you may have already got to know that the foreigners in Korea are banned out from trade on any Korean exchanges.
This is a terrible situation as wire transfer to exchanges in other countries would cost a fortune.
By the +- 5% trend on the crypto these days, the foreigners in korea are suffering from this situation.
Verifying accounts is one thing, they can make a stronger verification point or procedure but completely banning out foreigners is seriously just ridiculous.
I want to discuss if there is a possible solution to this problem?
Is it possible to make a petition by Bitcoin community to send to the Korean govt. law offices regarding this restriction on trade. If yes then where and how? Your valuable input may give us direction to enhance the trade of Bitcoin and other cryptocurrencies.
As you may have already got to know that the foreigners in Korea are banned out from trade on any Korean exchanges.
This is a terrible situation as wire transfer to exchanges in other countries would cost a fortune.
By the +- 5% trend on the crypto these days, the foreigners in korea are suffering from this situation.
Verifying accounts is one thing, they can make a stronger verification point or procedure but completely banning out foreigners is seriously just ridiculous.
I want to discuss if there is a possible solution to this problem?
Is it possible to make a petition by Bitcoin community to send to the Korean govt. law offices regarding this restriction on trade. If yes then where and how? Your valuable input may give us direction to enhance the trade of Bitcoin and other cryptocurrencies.
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