GOOD NEWS!!! South Korea on BITCOIN - page 17.

TheGodFather

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Quote from: bitkid015 on July 08, 2018, 10:13:56 PM

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

If you can think and see about it bitcoin as a whole has been on a much more encouraging level in the Asian regions far kore than the west. Woth this countries such as Japan and now South Korea has really been taking an encouraged step towards i troducing blockchain and the whole of the cryptocurrency onward to integrating it to their country. With that I can really hope that regions and countries succh as this be the standard for the world in the next fee years

Sakibhasan.bd

newbie

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Thanks for a good news that, "South Korea taking their move on regulating Bitcoin"
I am hopefully about it. According this step bitcoin will achieve a good position. I think that in future many country also will accept bitcoin.

maxreish

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Very nice news again about bitcoin, I hope all countries will also do this in thier own, and because of this event in South Korea is definitely have a good effect especially on the price of bitcoin in the market.

Ahimoth

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Activity: 812

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Quote from: 135cc on July 09, 2018, 12:33:57 AM

Quote from: bitkid015 on July 08, 2018, 10:13:56 PM

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

I think its a wise decision from the governments of South Korea that try to considerating the advantages of Bitcoin. Right now, despite the pros and cons that come along with bitcoin the number of country that want to accept and legalize bitcoin is increasing slowly, and i am happy to hear that. Let's hope that there will be more country that will accept bitcoin.

Being involved in this system always makes me so proud every time a country accepts it. Those country that accepts bitcoin proved that bitcoin is a trustworthy system. It's just so inspiringI every time I read news like this. I hope one day will come that bitcoin is being used all over the world wherein all countries and no exemption.

AliMan

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Quote from: 135cc on July 09, 2018, 12:33:57 AM

Quote from: bitkid015 on July 08, 2018, 10:13:56 PM

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

I think its a wise decision from the governments of South Korea that try to considerating the advantages of Bitcoin. Right now, despite the pros and cons that come along with bitcoin the number of country that want to accept and legalize bitcoin is increasing slowly, and i am happy to hear that. Let's hope that there will be more country that will accept bitcoin.

Opening my bitcoin account then reading thisthe kind of news is really motivating. This is just a proof that bitcoin is getting known all over the world. I think this must prove that the system is very trustworthy and should be tried. Other countries must accept bitcoin and agreed that this is a legit currency. One day will come that all the world will agree on bitcoin.

Kittygalore

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Quote from: bitkid015 on July 08, 2018, 10:13:56 PM

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

What South Korea did may have a huge influence to other countries. The government want to regulate it, then so be it as long as it is in favor to the investors or just a win win situation. It is a huge help in the crypto community in order for the bitcoin valie to rise again, not just bicoin but other coin as well. It serves as a good advertisement.

adrianto1995

full member

Activity: 714

Merit: 160

ahh, that's a good news...
Another right decision by the government of South Korea, I hope this news can make the huge impact on the crypto market. Also, I hope other countries will follow too...

Can't wait for the results of this decision, I hope it can make Bitcoin price back to $10000 again... Grin

BelieveInBTC

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That's some good news. If South Korea decided to restrict Bitcoin then it would be disastrous. There are many investors in Asia which seem to understand the potential of Bitcoin and other cryptocurrencies. I don't understand why would they change their policy. People investing in cryptocurrencies and living in South Korea would be probably mad at the government because of the sudden change.

Abete

member

Activity: 252

Merit: 17

Quote from: andrino on July 09, 2018, 01:03:33 AM

South Korea really did great. It seems they are looking for the bright future and seeing the assurance of crypto success in the proper time. They can manage such crypto world of business and actually they are also transparent.

not just great, South Korea is worthy of applying bitcoin transactions there, plus Korea has a good market in Automotive and Electronic, Bitcoin could be a means of transaction to buy goods such as automotive and electronics. If that happens, I support 100% of this step!

market-beta

jr. member

Activity: 392

Merit: 3

Quote from: bitkid015 on July 08, 2018, 10:13:56 PM

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

it seems that this heart becomes happy gan after fresh breeze that blew back. whether this news and. what is in the South Korean government's lagukan able to make the price of cryiptocurrency to be better than now .

spadaccino

jr. member

Activity: 183

Merit: 2

We need this good news more often so BTC can recover.
Such a big blogs like everyone know, I think can manipulate the price just report a news and right away people from all around the world start to take it in consideration without thinking twice and begin panic buy or sell.

That is not what it was supposed to be.
A good project is just good not matter how and what

Akenosi

newbie

Activity: 238

Merit: 0

Good news indeed,we all know what we needed now in cryptocurrency is strictly regulation and hope other countries too will implement it...

Wakkocu

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This news is big in fact for Bitcoin, Because according to market data sources, the South Korean Bitcoin exchange market processes over 14 percent of global Bitcoin trades, the third largest market behind the US and Japan, Finally South Korea get the right decision,

rolls89

jr. member

Activity: 224

Merit: 4

This is indeed a great news if Korea is moving towards acceptance of Bitcoins.Atleast Korea has accepted the power of Bitcoin,other countries should follow suit.Because it's a win win situation for both the economy of the country and Bitcoin too.

bitbitcoincoin

full member

Activity: 167

Merit: 100

Wow great news for Bitcoin

It will more in fact to the current price, Now most of the government recheck their decision because blockchain technology is the future, All should move on to blockchain and most of the still late but Korea Government took the right decision

aladlanie04

newbie

Activity: 114

Merit: 0

south korea commercial banks in south korea own nealy $2 billion in crypto like bitcoin and ethereum , south korea regulates bitcoin and surely adopts main stream now in institutions and all over soon the people of south korea moving into technology and crypto world but whereas some countries still hard on bitcoin.

andrino

newbie

Activity: 193

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South Korea really did great. It seems they are looking for the bright future and seeing the assurance of crypto success in the proper time. They can manage such crypto world of business and actually they are also transparent.

Turkish88

full member

Activity: 714

Merit: 104

Korea was the biggest place for cryptocurrency exchanges.
Its good what bitcoin now official there

rob143

member

Activity: 138

Merit: 10

We just need to see the price going up, nothing more than that.
But i am more than glad in that South korea really likes and approves bitcoin on their country, those are more than good news to be honest, and it is good to hear this kind of stuff

phelbaby

member

Activity: 434

Merit: 10

This country is an inspiration to me when it comes to the cryptocurrency business they are taking all the steps that it is need to encourage the market and even investors,this is what other countries are suppose to immediate not banning cryptocurency

Topic: GOOD NEWS!!! South Korea on BITCOIN - page 17. (Read 3182 times)