Well, for Bitcoin this is a good thing. Not so good for Monero (privacy being the main advantage there ).
My question for discussion is - how important is the privacy here actually?
Topic: Good news! - page 19. (Read 2407 times)
Thats a real good news the korean government gave a green light for the bitcoiners there. Although there is a catch, only the people with real name are allowed to tradeo perform any transactions.
Another downside the government will also impose taxes on local cryptocurrency transaction.
I just learned that 20 percent of bitcoiners in the world are from south korea.
Another downside the government will also impose taxes on local cryptocurrency transaction.
I just learned that 20 percent of bitcoiners in the world are from south korea.
I don't think some kind of regulation is necessarily a bad thing. Regulation means stability and less volatility, hence more investors. I also can't see how the major governments can make crypto illegal, as so many major players (think Microsoft, Deloitte etc) are already bought in.
This was going to happen one day or another , i mean bithumb has the most volume in the world and many other south korean exchanges have the highest volumes which is surprising as it is mostly in one particular country and not international.
The reason behind this is surely the upcomming elections the government doesn't want to any dissatisfaction among it's people that's surely the reason for this move. I completely support it as it will have a healthy impact in the future.
The reason behind this is surely the upcomming elections the government doesn't want to any dissatisfaction among it's people that's surely the reason for this move. I completely support it as it will have a healthy impact in the future.
A tax on bitcoin and cryptocurrency is clearly a good thing.
Taxing legal, because the Korean market for the encryption of money market is huge, when they are going to close the exchange proved to be a fake news, the whole market will restore confidence, so the price of the BTC will rise again.
Taxing legal, because the Korean market for the encryption of money market is huge, when they are going to close the exchange proved to be a fake news, the whole market will restore confidence, so the price of the BTC will rise again.
Yeah, I think the price will go up after that. When some country accept Bitcoin it's always good for cryptocurrency world.
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 it would really affect bitcoin price. For sure this year we will experience another ATH's after $18k last ATH's. Hope this will help everybody to believe again in bitcoin especially big investors. Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?
Yes, that's good news for bitcoin. Korea is no longer banned from bitcoin. It is good news for bitcoin users in Korea in particular and for bitcoin users in general. Certainly bitcoin will recover quickly and it will increase again
Regulations that occur are better than, regulation rumors. So the crypto currency investors will know what will happen if they make investment in crypto currency and this will make positive effect to price of Bitcoin.
I think it's a very good news.
The south Korean government officially recognizes the legitimacy of bitcoin.
So the bitcoin transaction is protected by law, which will help the development of bitcoin.
You can get more people involved.
The south Korean government officially recognizes the legitimacy of bitcoin.
So the bitcoin transaction is protected by law, which will help the development of bitcoin.
You can get more people involved.
A great news indeed. Based on what I read on the article above, In an estimate, "South Korea accounts 20 percent of the bit coin trades world wide." So it is safe to assume that this change will have a big impact on Bitcoin and its current value. I can't wait to see the Bitcoin price back up gain. 
Considering that investors will accept to convert their virtual bank accounts to real-name bank accounts, although some of the main features of Bitcoin is being decentralized and pseudo-anonymous. So in their case, if they want to continue trading cryptocurrencies in their country, they have to accept these new regulations that their Government imposed. Assuming that they will, there will be a huge possibility of a price surge again for Bitcoin as per stated in the article that 20% of the Bitcoin trades worldwide are accounted in South Korea.
It is a good news, however it will turn bad for those whom at the trading business having 24.2% of income taxes at their platform. Thus it is only possible with the real person with a real name bank account written on it.
It is good to hear that countries like Korea is finally adopting the cryptocurrency market. This is a good opportunity for aspiring investors and traders, and the fact that it is timely, its approval makes it relevant to this generation. I don't see anything wrong with real names used for trading since the government will take responsibility of moderating it. I think the reason behind this condition is to make sure that all transactions made are legal and are not violating any law and ofcourse to keep track of people who trick others.
The price of bitcoin is going to downfall and have sign is rising. I hope The price of bitcoin won't downward . I am holding so much bitcoin 
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?
Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?
No ban but regulation, just as expected. Governments want to collect taxes, not to kill this goose laying golden eggs.
It such a great news indeed. Having this kind of news will be a great effect to the other country having this kind of currency which is not yet legal. Having some countries that allows cryptocurrency to go in the system will be a great step for the other country to legalize there cryptocurrency also . Especially if those countries allowing those kind of thing is one of the richest country worldwide.
indeed a good news. This is a really good work by the south korea government to allow the bitcoin trading. This will help more people to adopt the crypto currency. I think every government should take step like this because governments have no solutions to stop them. So its better if government adopt some good rules regarding crypto currencies.
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?
Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?
This is closer to how regulation is expected to work.
Yes, to avoid money laundering and such, giving up anonymity is necessary when working with financial instruments. (This is why I think that the wallet should not be the one publicly visible, but nobody's perfect)
Well done Korea, great news, finally!
I believe btc prices will rise again, but will be slow and steady.
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,Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?
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.
I am sure of that. ^^, I hope bitcoin will fly as high as clouds.
Jump to: