Topic: Is South Korea really banned bitcoin?or it is just a rumor? (Read 383 times)
is in the process stage or even now completely prohibits the ban of bitcoin and the other has gone through considerable discussions with other government agencies including finance ministries and financial regulators. The South Korean government's stance triggered a fluctuation in the value of digital currencies in both local and overseas markets.
In my opinion, these bad decisions (Collective ban) by the governments (Including South Korea) towards Bitcoin and cryptocurrencies in general, is a political game. Moreover, it sure that they support Bitcoin in an indirect way through investing a large proportion of money in cryptocurrencies especially Bitcoin because they knew that after a few years there will be a collective recognition of Bitcoin though the majority of countries (governments) particularly when the development and success of digital currencies will continue.
As a matter of fact, sometimes we should not believe the news of Media because they manipulate everyone through some fake and false information and unfortunately, many believe them , that's why they always lose their money because of the rush to believe the news without making sure through the main source.
As a matter of fact, sometimes we should not believe the news of Media because they manipulate everyone through some fake and false information and unfortunately, many believe them , that's why they always lose their money because of the rush to believe the news without making sure through the main source.
South Korea has been flirting with banning cryptocurrency trading for some time now. However, now it appears the country is backtracking. Bloomberg reports that South Korea's regulators have indicated that they will continue to support "normal" trading of the cryptocurrency.
South Korea has never been flirting with a crypto trading ban. It were corrupt government officials who tried to gain advantage of their authoritative positions by shaking up the market. It was pure insider trading.The thing after that was that all South Korean government officials were prohibited from owning any crypto currencies, which makes sense after everything that happened.
It once again shows that manipulation isn't just happening by actively dumping or pumping the market, but also by using (abusing is a better term) high level positions. JPMorgan's Jamie Dimon did the same thing.
Can anyone explain me South Korea is really banned crypto currencies or it is just a fake news spreading to create massive FUD?
If they banned please give the proof for it because many people saying they banned but some saying no they didn't yet
It is better to give a list of countries who actually banned bitcoins in their country.
If they banned please give the proof for it because many people saying they banned but some saying no they didn't yet
It is better to give a list of countries who actually banned bitcoins in their country.
No! The South Korea government won't ban the trading of crypto currencies but only the ICO in which it needs for them to regulate it, here is the link https://www.engadget.com/2018/02/20/south-korea-no-ban-on-cryptocurrency-bitcoin-trading/. For me the move to regulate ICO should be supported as we all know that fraud ICO are now rampant in the market in which it is not good for the nation that these scammers will just easily to steal the hard earned money of the people.
South Korea has been flirting with banning cryptocurrency trading for some time now. However, now it appears the country is backtracking. Bloomberg reports that South Korea's regulators have indicated that they will continue to support "normal" trading of the cryptocurrency.
South Korea will not ban bitcoin or any cryptocurrency, but they will regulate crypto exchanges operating in their country. This is contrary to some news earlier that the country's authorities are planning to shut down exchanges because of illegal activities. Their plan is to impose tighter regulation to curve illegal practices of bitcoin and other currencies within their area. Using anonymous bank accounts for crypto trading will also being prohibited to prevent possiblle money laundering.
That's what I'm noticing too, those positive news aren't being recognized by the people but instead they are more aware about those FUDs.
And look at what's with the news now, another ban in India and another thing that the Wolf of Wall Street is spreading FUD again so this is really intriguing that all together FUDs are coming.
We just need to stay calm and overcome this.
For those worries about the taxation that's why they can make their own ruling of law and they can regulate transactions from their local exchanges to tract people cashing out and pay accordingly their taxes.
That rumor I never hear it before. As I know bitcoin in South Korea already legalized by their government.
For officially I never saw that's new before. But I sure their government not banned bitcoin, but their still use bitcoin for transactions in their country until now.
For officially I never saw that's new before. But I sure their government not banned bitcoin, but their still use bitcoin for transactions in their country until now.
hope it is like that, because let me wherever in a country let alone developed countries such as korea, will make and ensure impact to the surrounding country.
waiting for further information, thank you for giving me the information.
How many times did the ship already go down and come back up tho? I thought China ban was rough, but even after that, Chinese citizens are still trading peer to peer saying “fuck you, it’s my money” to the government.
I’m Korean, and tbh all I see from all this FUD and “emergency regulation” BS is just another government and wealthy class watching people freely moving around money and desperately trying to find a way to get their “cut” of the action.
You’d be shocked to know how easy it is for the top elites in Korea (Chaebol) to buy off the government at the drop of the hat and throw around stupid/unethical regulations disguised behind good intentions to strangle everyone else. Just like how things are in the USA.
I’m Korean, and tbh all I see from all this FUD and “emergency regulation” BS is just another government and wealthy class watching people freely moving around money and desperately trying to find a way to get their “cut” of the action.
You’d be shocked to know how easy it is for the top elites in Korea (Chaebol) to buy off the government at the drop of the hat and throw around stupid/unethical regulations disguised behind good intentions to strangle everyone else. Just like how things are in the USA.
FUD against the cryptocurrencies are widespread and reading only the headline of a news will only create further confusion and panic. Be sure to read the entire content of a news so you can be fully understand what that news is all about.
Contrary to some news, South Korea has no plans to bans crypto trading but their government have plan to tighten regulation and to cracdown on any illegal practices that uses bitcoin or any cryptocurrencies like illegal foreign exchanges operating in their area.
Contrary to some news, South Korea has no plans to bans crypto trading but their government have plan to tighten regulation and to cracdown on any illegal practices that uses bitcoin or any cryptocurrencies like illegal foreign exchanges operating in their area.
South Korea doesn't intend to ban bitcoin, but due to increasing illegal foreign exchange trading that has reached to $594.35 million (as per reuters.com) the government decided to regulate exchanges and prevent the use of virtual accounts for trading. Precautionary measures like this have been decided by S.Korea to prevent illegal activities and money laundering.
The positive news will not propagate to each and everybody but Negative FUD will make the huge noise. It is completely fake news and South Korean government never said that they are going to ban the Bitcoin and Cryptocurrencies in their country.
That's what I'm noticing too, those positive news aren't being recognized by the people but instead they are more aware about those FUDs.And look at what's with the news now, another ban in India and another thing that the Wolf of Wall Street is spreading FUD again so this is really intriguing that all together FUDs are coming.
We just need to stay calm and overcome this.
People are always focus on negative news because they are afraid of losing their money so they are always on alert when a negative rumor or news is spreading. The recent FUDs all come together to push the bitcoin price down because the whales are spreading it so that they can accumulate more. If you can see in the previous days, the shorts in bitfinex jump up that drives the price lower and it is the whales or institutions doing it, later on when they are out of steam, the fear still remains because of negative news one after another that's why it goes lower and now, when the issues are clear, the price is slowly creeping up.
That's what I'm noticing too, those positive news aren't being recognized by the people but instead they are more aware about those FUDs.
And look at what's with the news now, another ban in India and another thing that the Wolf of Wall Street is spreading FUD again so this is really intriguing that all together FUDs are coming.
We just need to stay calm and overcome this.
It is not a humor,
It is rumor mate not humor.The ban is just a rumor, a fake news, a FUD and to validate that it is a rumor read out these recent articles that came out fresh from South Korea.
https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
https://www.cnbc.com/2018/01/29/south-korea-cryptocurrency-regulations-come-into-effect.html
The positive news will not propagate to each and everybody but Negative FUD will make the huge noise. It is completely fake news and South Korean government never said that they are going to ban the Bitcoin and Cryptocurrencies in their country.
And look at what's with the news now, another ban in India and another thing that the Wolf of Wall Street is spreading FUD again so this is really intriguing that all together FUDs are coming.
We just need to stay calm and overcome this.
I guess this one is rumor sir because if it were true wouldn't you think it will greatly affect the market value of bitcoin in our market today, I mean South Korea is one the most influential country in Southeast Asia.
It is not a humor,
It is rumor mate not humor.The ban is just a rumor, a fake news, a FUD and to validate that it is a rumor read out these recent articles that came out fresh from South Korea.
https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
https://www.cnbc.com/2018/01/29/south-korea-cryptocurrency-regulations-come-into-effect.html
The positive news will not propagate to each and everybody but Negative FUD will make the huge noise. It is completely fake news and South Korean government never said that they are going to ban the Bitcoin and Cryptocurrencies in their country.
It is true that they are on the brick of banning bitcoin in our country almost due to some recent issues regarding the increasing number of scammers and victims in the cryptocurrency, fortunately for us the governments or rulers in their country reversed this effects which turned favorable in bitcoin, because it resulted to an increase of number of firms accepting bitcoin as mode of payment.
It is not a humor,
It is rumor mate not humor.The ban is just a rumor, a fake news, a FUD and to validate that it is a rumor read out these recent articles that came out fresh from South Korea.
https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
https://www.cnbc.com/2018/01/29/south-korea-cryptocurrency-regulations-come-into-effect.html
It is not a humor,
It is rumor mate not humor.The ban is just a rumor, a fake news, a FUD and to validate that it is a rumor read out these recent articles that came out fresh from South Korea.
https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
https://www.cnbc.com/2018/01/29/south-korea-cryptocurrency-regulations-come-into-effect.html
It is not a humor, it is a mere fact that is one of the reason why bitcoin price goes down, but it is just a temporary thing for sure starting this month bitcoin will rise again as South Korea has decided to continue bitcoin but they will just put their real name when making a transaction in their market as they wanted all of them who engaged to properly pay taxes.
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