Good news! - page 15. | Bitcointalksearch.org

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: captin crunch on January 25, 2018, 02:34:46 AM

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

South Korea never wanted to ban exchanges. All they wanted to do was add regulations and only verified users will be able to trade crypto currencies. That is you will have to follow all the policies imposed by the government, which indirect shows that the trading will be controlled by the South Korean government thus crypto currencies losing its main feature - decentralization. Crypto currency and banks were never meant to be together.

Mc_Moneysack

jr. member

Activity: 154

Merit: 5

I hope that all the FUD will be gone now. The situation in South Korea shows us that whenever there are talks about government intervention this does not equal to “banning” cryptos. However, I am wondering if market volume in South Korea will get back to its previous levels, as the loss of anonymity may scare off a few investors. This could be particularly true for those who created accounts before submission of IDs and personal data was necessary on exchanges. These are the ones that will now loose their anonymity.

I am also not familiar with the South Korean tax system. Now that the government will be in a position to track taxable actions it may be possible that there will be less trading and more long term investments, as is e.g encouraged by the tax law in my country, where profits are tax free once you have held your cryptos for a year.

What do you think?

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

this is good news for south koreans not only just for south korea but also in the world so this is the beginning of increasing bitcoin so hopefully in the next month. China should be like in south korea supporting cryptocurrency.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: retnoanjani on January 26, 2018, 06:00:05 PM

Quote from: batang_bitcoin on January 26, 2018, 04:04:37 AM

Quote from: Ranly123 on January 25, 2018, 04:54:44 AM

Quote from: batang_bitcoin on January 25, 2018, 03:12:54 AM

Quote from: captin crunch on January 25, 2018, 02:34:46 AM

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

Even it has some restrictions, still a great news for the South Koreans that are dealt with cryptocurrencies. But I can see some disadvantages on this,

1. It says that virtual banks to real-name bank accounts - in regards to being decentralized and anonymous, users can no longer hide their identity.
2. Taxation will be implemented accordingly.

Advantages
1. South Korea FUD will be gone.
2. Massive pump.
3. Legality can be followed by other countries as well.

Restrictions are made to let people know that government still exist. Yes there are rules to be followed and if people obey, then that will be good for cryptocurrency since it will be legalized by government like for example in korea. Though the government will take taxes but it will be for the people in their country as well.

We are there and each government is showing that they mustn't be ignored even the cryptocurrency craze is starting to be well known and popular. But not all of their decisions are good for the people, there are situations that they are only thinking inside the box and not outside the box. But overall rating for this news, very well that South Koreans will be involving the whole world into another pump just like what the Japanese did last year.

That is the authority of each government. I'm sure it has gone through a lot of considerations. All policies are for the people and the country. The government is aware of the many benefits of cryptocurrency, but they also need to keep the state and people from the negative impact of cryptocurrency, so the government sets limits as a prefentive action.

That's how a government must work, to balance things and to protect their people from something they think it will lead their economy to chaos. But in bitcoin, they are taking it differently. We all agree on how governments must work and they have to keep their interest into something. But let's not go far with this discussion, this is a very good news to SK.

Golftech

hero member

Activity: 2128

Merit: 520

By reading the current flows, just like what happen before china and Korea fud result to some downfall then after tehy decide to make some
good calls then the value will start to jump, I personally think that in anyhow it will really affect the current value and for sure more new good
things will happen along the way, Korea got a lots of bitcoin lovers so if they begin to work again with this system then expect the mooning anytime
now, keep your coins and wait till we see the incoming up-rise of bitcoin again.

sohel436290

newbie

Activity: 182

Merit: 0

Thank you for share that news I am personally happy with this issue. In this way, Bitcoin will be more popular And better than now. South Korea will be ahead 2 stapes their competitor countries. there going too much digital. the are involved with Bitcoin and I am sure South Korea will give positive to bitcoin I think this country going on the right way. as soon as possible like this country accept Bitcoin and for the reasonBitcoin will rise again. I hope that this think will be followed many others country and best of luck South Korea.

FrueGreads

legendary

Activity: 1582

Merit: 1059

Yes, those are good news. They are not the "ideal news", because they somehow try to remove your privacy, but this is probably fair enough, and it's definitely better than a ban like China did. Governments clearly just want to be able to charge taxes, and this will give them the ability to do just that.
Of course that I've recently saw this video of Andreas about the price of losing privacy, and it makes me wonder if they are just trying to charge taxes, or if it is something else.

Bitcoin Q&A: The price of losing privacy (Andreas Antonopoulos)
https://www.youtube.com/watch?v=2G8IgiLbT_4

AriannaSantosUU

full member

Activity: 256

Merit: 100

Wow! Definitely a good news. Good job South Korea. Hope other country will follow what South Korea did. It helps the investors for easy transaction. It can also contibute to strengthen the security for cryptocurrency.

richardsNY

legendary

Activity: 1232

Merit: 1091

Why do people get so happy about this? South Korea has stated some days ago that it would prohibit people from anonymous crypto trading. This directly implies that people will still be able to trade and whatnot, but only after verification. In other words, this article is just rehashing other articles, but then in a way they make it seem like it is a newly written article. It's lazy 'journalism' from the lowest levels, which is something that I have seen happen for quite a while now. It's almost like there isn't anything interesting to write about anymore. And of course, people here just read the title and start posting....

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: zhinaivan on January 26, 2018, 06:19:58 PM

Wow it is a good news because bitcoin have potential to getting higher next month and many people in korea have more to known about cryptocurrencies world coins most specially bitcoin.i wish that many country doing like korea country

South Korea is really a big player not just in bitcoin and crypto in total. This news is really positive to the market, however the catch is that South Korean traders will have their name exposed to the banks so its no longer the psuedo anonymity.

But we can't be for certain that countries will follow what South Korea has been doing. They have put a tighter and strict regulations as far as trading is concern. Other countries want a total ban.

I like though what South Korean government did here, instead of a total ban, they will let their people trade as long as they will follow the rules that they laid out. Still a win-win for us and for the government.

zhinaivan

full member

Activity: 378

Merit: 100

Wow it is a good news because bitcoin have potential to getting higher next month and many people in korea have more to known about cryptocurrencies world coins most specially bitcoin.i wish that many country doing like korea country

retnoanjani

full member

Activity: 630

Merit: 100

Quote from: batang_bitcoin on January 26, 2018, 04:04:37 AM

Quote from: Ranly123 on January 25, 2018, 04:54:44 AM

Quote from: batang_bitcoin on January 25, 2018, 03:12:54 AM

Quote from: captin crunch on January 25, 2018, 02:34:46 AM

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

Even it has some restrictions, still a great news for the South Koreans that are dealt with cryptocurrencies. But I can see some disadvantages on this,

1. It says that virtual banks to real-name bank accounts - in regards to being decentralized and anonymous, users can no longer hide their identity.
2. Taxation will be implemented accordingly.

Advantages
1. South Korea FUD will be gone.
2. Massive pump.
3. Legality can be followed by other countries as well.

Restrictions are made to let people know that government still exist. Yes there are rules to be followed and if people obey, then that will be good for cryptocurrency since it will be legalized by government like for example in korea. Though the government will take taxes but it will be for the people in their country as well.

We are there and each government is showing that they mustn't be ignored even the cryptocurrency craze is starting to be well known and popular. But not all of their decisions are good for the people, there are situations that they are only thinking inside the box and not outside the box. But overall rating for this news, very well that South Koreans will be involving the whole world into another pump just like what the Japanese did last year.

That is the authority of each government. I'm sure it has gone through a lot of considerations. All policies are for the people and the country. The government is aware of the many benefits of cryptocurrency, but they also need to keep the state and people from the negative impact of cryptocurrency, so the government sets limits as a prefentive action.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Ranly123 on January 25, 2018, 04:54:44 AM

Quote from: batang_bitcoin on January 25, 2018, 03:12:54 AM

Quote from: captin crunch on January 25, 2018, 02:34:46 AM

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

Even it has some restrictions, still a great news for the South Koreans that are dealt with cryptocurrencies. But I can see some disadvantages on this,

1. It says that virtual banks to real-name bank accounts - in regards to being decentralized and anonymous, users can no longer hide their identity.
2. Taxation will be implemented accordingly.

Advantages
1. South Korea FUD will be gone.
2. Massive pump.
3. Legality can be followed by other countries as well.

Restrictions are made to let people know that government still exist. Yes there are rules to be followed and if people obey, then that will be good for cryptocurrency since it will be legalized by government like for example in korea. Though the government will take taxes but it will be for the people in their country as well.

We are there and each government is showing that they mustn't be ignored even the cryptocurrency craze is starting to be well known and popular. But not all of their decisions are good for the people, there are situations that they are only thinking inside the box and not outside the box. But overall rating for this news, very well that South Koreans will be involving the whole world into another pump just like what the Japanese did last year.

TranTrongit

member

Activity: 340

Merit: 10

yes. it is good news. its great. price btc will up .

google98

full member

Activity: 360

Merit: 100

That's good news, yes. Hopefully, that turns things up and the rise of Bitcoin begins.
Although today the whole market is red. Still, there are good news.

captin crunch

sr. member

Activity: 630

Merit: 253

Quote from: silent17 on January 25, 2018, 03:06:53 AM

Quote from: captin crunch on January 25, 2018, 02:34:46 AM

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

I think korea really trying to manipulate the people who are using bitcoin or any other cryptocurrency. In this way they can manage to see all the transaction that their people made and they can easily put some tax on their transaction, well anyways, I think it's still a good news because they will not ban trading anymore in their country.

Yes requirement to make transactions or trade with real name is for the reason to control and to tax I think, but any way it is better than banning at all.

TOTOARRO

newbie

Activity: 48

Merit: 0

Great initial step to keep cryptographic forms of money streaming into this present reality. I accept if set up organizations are winning extensive benefits utilizing cryptos at that point is totally fine to have them directed and exhausting. The legislatures don't need this through and through freedom at a corporate level and I concur with that, generally centralization exists and winds up plainly imperceptible... Seek despite everything it makes it simple after the general population, South Koreans experience serious difficulties exchanging and pulling back their assets, trust this progressions as well.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Isn't this done already through KYC regulations? With this kind of new implementation, I don't think it's a 'yay' for traders who want to keep anonymous on using their crypto. This is just a workaround or their (South Korean Government) legal means of controlling their people's money. Frankly this doesn't solve anything apart from the lessening of fraud which is the only thing this new implementation fixes, and it seems that the South Korean government wouldn't be a bitcoin-friendly state even in the months to come.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Yes, this should be a glad tidings to the Koreans but I don't think it is necessarily a great news for the global Bitcoin community. Whether there is a liberal acceptance of bitcoin by them or not, Bitcoin price will always rebound at the right time. By the way, Korea isn't that a great economy like China. Yet, when China banned its citizens from participating in bitcoin activities Bitcoin still survived it and recorded a fresh ATH after. I am really nonchalant towards what the Koreans legislation is on Bitcoin.

mOgliE

legendary

Activity: 1344

Merit: 1251

Hi,

Did you read the article carefully?

This is not a good news. The South Korean government is actually trying to make crypto more used (that's right, that's good) by turning it non-anonymous and control it through banks. They even say that revenus from such source will be taxed at a 24.2% rate.

Does it sound good to you?

I think that South Korea and its government are a step ahead of other countries regarding crypto. But if such regulation was to be adopted in all countries, it would be the end of bitcoin as it was designed in the first place, that is to say as a new financial system, aiming at getting rid of banks. It will merely turn to a trading tool. Undecided

Topic: Good news! - page 15. (Read 2407 times)