[Breaking news} Korean Government will ban all kinds of ICO.

stealth.money

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Going stealthy

Quote from: muraqaba on September 29, 2017, 10:28:52 PM

Quote from: shursight on September 28, 2017, 09:36:02 PM

Wow.. i am freezer right now, i can not understand why all the countries are banning ico's, what is the real problem with them? because i can not understand it, everyday i login to this forum i see that there is X country going to ban icos, first was china, then india, japan, and now korea? how do you know it is true?
Oh i really hope it is not going to happen, it would be a mess if that is true.

these are the two countries scamming people. there are sites that create a new pump and dump ico every night just to get money out of it. i mean every night it is like come on you know the governments will come in eventually.

This is true. The exchanges out of these countries are scam heaven. It is better off if they are gone. I don't understand why people don't see it, Chinese exchanges used to have over 90% of Bitcoin volume but after they charge some fees it down to less than 10%. Now scam Eth moving this fake volumes to South Korea after Poloniex.

muraqaba

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Quote from: shursight on September 28, 2017, 09:36:02 PM

Wow.. i am freezer right now, i can not understand why all the countries are banning ico's, what is the real problem with them? because i can not understand it, everyday i login to this forum i see that there is X country going to ban icos, first was china, then india, japan, and now korea? how do you know it is true?
Oh i really hope it is not going to happen, it would be a mess if that is true.

these are the two countries scamming people. there are sites that create a new pump and dump ico every night just to get money out of it. i mean every night it is like come on you know the governments will come in eventually.

cynical

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Quote from: ivrynx on September 29, 2017, 06:08:33 AM

There should be clarification with the news, and we also need to do our resreach for validation, korea musta have some reason, why it would want ICOs to be banned, it is probably due to the fact that its citizens are well computer literate, even a high school student is good enough to make apps, and i think if they wanted to make an ICO, it would be easy for them, in turn, they would be creating free cash on their own, i think that's what the government is already afraid of, anyone there could easily make an ICO, plus it is still not yrt regulated like japan, hopefully we would see further developments and prove this news, whether it is fact or not, at least it will bring clarity to us all.

that is right, we need clarification on the news. it is easy to post a 3 paragraph report and focus on the part of news that will get the most reads. it was inevitable that other countries follow chinas lead

wordspavovv

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This massive bans everywhere is probably for massive regulations. Governments love to tax everything, make money from others money. Angry

ivrynx

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There should be clarification with the news, and we also need to do our resreach for validation, korea musta have some reason, why it would want ICOs to be banned, it is probably due to the fact that its citizens are well computer literate, even a high school student is good enough to make apps, and i think if they wanted to make an ICO, it would be easy for them, in turn, they would be creating free cash on their own, i think that's what the government is already afraid of, anyone there could easily make an ICO, plus it is still not yrt regulated like japan, hopefully we would see further developments and prove this news, whether it is fact or not, at least it will bring clarity to us all.

Emworks

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Lately Involement of china, hongkong and now South korea..I do believe this will be good for the market. I think were reach the peaktime, this kind of situation will slowly coldown the ico craze and this is what the market actually need, regulation on every ico project must be implemented.

dineshary

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BTC trading for a lower price in Korean exchanges. Fridays are getting bad these days. Might have a bad weekend..

stealth.money

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Going stealthy

Chinese and Korean volumes are fake especially Ethorium so it won't change much in crypto prices, as we all see it.

iluvbtc

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Quote from: cryptojanne on September 28, 2017, 10:55:42 PM

Its not fake news, but i dont think it will be banned for ever. They just want to regulate it i assume. Alot of scams going on, they just want to be able to control it.

Exactly, no country will ban altogether, it would put their country at an extreme disadvantage. They are trying to control the rise of crypto worldwide becuase if it happens too fast, governments may collapse

RecklessRocket

newbie

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Looks like to me the above article done on SEPTEMBER 29, 2017.
Thanks for the update.

vit05

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http://www.reuters.com/article/us-southkorea-bitcoin/south-korea-bans-raising-money-through-initial-coin-offerings-idUSKCN1C408N?il=0

nareshrohra

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Such news comes almost everyday from one or other country. And this news brings volatility to crypto market. Which is what I like the most about this market

Amalker

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China 2.0!?Market reacts instantly, but I don't think this news strongly affected on price BTC and growth will starts again soon.

AiloveYouks21

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Korea is a small country and their economy is no bigger than China so I think their regulation will not affect the crypto currency like Chinese regulation.

acpr23

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Activity: 350

Merit: 250

Yes i think this news is true, yet i think that wont have a significant effect in bitcoin's price, regulations are a good way to prevent and protect everyone from scam ico's, no need to fear if btc dips again dont panic just buy and buy and wait for another rise.

crptotrader007

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I don't think the news is actually true because if the news would have been true then Bitcoin's price would have had another dip like when China banned ICOs. But the price seems to be pretty good now. So I think the news is fake and people are just spreading it to make a hype in the bitcoin market.

ROT13

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Sell the rumor, buy the news.

Hyperme.sh

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Quote from: herurist on September 28, 2017, 10:53:21 PM

Nothing to worry about news like that, there's a lot of country accept ICO as part of digital currency future.

The existing ICO issued tokens are headed to zero because they will banned every where:

Quote from: Hyperme.sh on September 28, 2017, 07:59:06 PM

Quote from: acpr23 on September 28, 2017, 07:54:35 PM

ICO's wont end, it will only be regulated, and that is not a bad thing for cryptocurrencies, regulation will help prevent scam ico's take the investors money, since ico is necessary for a projects success regulation will also be a factor for its good development especially in legal terms.

There is a huge downside coming though:

Quote from: Hyperme.sh on September 28, 2017, 07:54:43 PM

The downside of regulation of token sales as securities, is they can’t actually become freely tradeable everywhere tokens legally, unless they are locked untradeable on the blockchain for 3 years.

No more get-rich-quick gains and scammy pumpy dumpy.

cryptojanne

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Its not fake news, but i dont think it will be banned for ever. They just want to regulate it i assume. Alot of scams going on, they just want to be able to control it.

herurist

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Quote from: oh_bitrich on September 28, 2017, 08:36:35 PM

http://v.media.daum.net/v/20170929100212900

What it says is "Korea will ban any kind of ICO." It is official from the Government.

Anything that is in the form of Token can also be considered to be ICO.

Recall what happened when China banned all ICO. The Korean crypto market is as big as China (now it is bigger).

Nothing to worry about news like that, there's a lot of country accept ICO as part of digital currency future. You only need to prepare if the news give high impact, even I can say that's only temporary trend. If your strategy still can't reach profit, that thing you should worry. Stop loss created as a tools to minimalism loss, replace it in your strategy. Have a nice day.

Topic: [Breaking news} Korean Government will ban all kinds of ICO. (Read 1204 times)