Topic: Is South Korea really banned bitcoin?or it is just a rumor? - page 2. (Read 382 times)
It seems to me that such rumors are being spread to provoke a panic. The whales are trying to lower the price. For this purpose all methods are good. In fact, no action we do not see. Bitcoin is still semi-legal asset in all countries. I like this period. We can accumulate coins and wait to raise their prices after legalization.
South Korea has banned an initial coin offering (ICO) because it is feared as a speculative investment that will have a negative impact.
the local government also added that trading in digital currencies such as bitcoins needs to be closely monitored and controlled
According to the news I read like that
the local government also added that trading in digital currencies such as bitcoins needs to be closely monitored and controlled
According to the news I read like that
This really scares. But there are already rumors that it will be quite easy to outsmart the future restrictions.
The rumor regarding a cryptocurrency trading ban was started by the South Korean Ministry of Justice, but the Finance Minister, Kim Dong-yeon has clarified that although shutting down crypto exchanges is a live option, government ministries would need to very seriously review it. The most likelier outcome is South Korea would be adopting a more heavily regulated crypto market including banning anonymous trading/requiring real-name transactions and probably forbidding underaged investors and foreigners from investing in Bitcoin and other cryptocurrencies on the Korean market. A South Korean petition against the regulation of cryptocurrencies have reached 219,168 singnatures.
https://cointelegraph.com/news/south-korean-petition-against-crypto-regulation-gets-200k-signatures-government-must-respond
http://www1.president.go.kr/petitions/76020?navigation=best-petitions
https://cointelegraph.com/news/south-korean-petition-against-crypto-regulation-gets-200k-signatures-government-must-respond
http://www1.president.go.kr/petitions/76020?navigation=best-petitions
I really thought that they have issued a official statement few days ago and said that there would be no banning of crypto trading, however the options to put a tighter regulation is still open.
https://www.ccn.com/south-korea-govt-confirms-no-cryptocurrency-trading-ban-market-optimistic/
So I don't know what's the big fuss that happened in the last 3 days causing the market to crashed. I guess we really need to read between the lines to fully understand. And I believed that regulations will be put into action in the next couple of months by the South Korean government, but it doesn't mean that trading will be ban, the way I understand it. So I guess that the dust is not yet settled, investors are still not sure whether to invest today or better wait it out until everything is clear.
The rumor regarding a cryptocurrency trading ban was started by the South Korean Ministry of Justice, but the Finance Minister, Kim Dong-yeon has clarified that although shutting down crypto exchanges is a live option, government ministries would need to very seriously review it. The most likelier outcome is South Korea would be adopting a more heavily regulated crypto market including banning anonymous trading/requiring real-name transactions and probably forbidding underaged investors and foreigners from investing in Bitcoin and other cryptocurrencies on the Korean market. A South Korean petition against the regulation of cryptocurrencies have reached 219,168 singnatures.
https://cointelegraph.com/news/south-korean-petition-against-crypto-regulation-gets-200k-signatures-government-must-respond
http://www1.president.go.kr/petitions/76020?navigation=best-petitions
https://cointelegraph.com/news/south-korean-petition-against-crypto-regulation-gets-200k-signatures-government-must-respond
http://www1.president.go.kr/petitions/76020?navigation=best-petitions
It is not a rumor it is true but what is not right is that the new was wrong. South Korea is only banning crypcotucurrency exchanges that are illegally being operated. The wrong news quickly has been spread globally creating a FUD but what they don't know is that the crypto market of South Korea is separated from the global market making their prices different from what we are seeing. South Korea's crypto prices are currently trading higher than the global market as of right now.
I totally agree with Harlot that South Korea isn't really banning the cryptocurrencies but those crypto exchanges that running illegally. If that are the reason on bitcoin fluctuations nowadays then that sadden some because many people I think panic sell that crypto world will go down plus some other fuds that raging on the web. Hope that bitcoin and other alt will bounce back more higher than it was declined from past days.
It is not a rumor it is true but what is not right is that the new was wrong. South Korea is only banning crypcotucurrency exchanges that are illegally being operated. The wrong news quickly has been spread globally creating a FUD but what they don't know is that the crypto market of South Korea is separated from the global market making their prices different from what we are seeing. South Korea's crypto prices are currently trading higher than the global market as of right now.
They have long dealt with this issue. But I understand that the final decision on this issue yet. Maybe they have crushes China. They must realize that the prohibition of bitcoin in one country makes no sense. All traders from China moved to South Korea and Japan. Even if Korea will take this disastrous decision that will move to Japan. This is a chance for island States to access money around the world.
Based on the news, South Korea is still reviewing the option to ban the selling and buying of bitcoin and other coins which results to the meltdown of the price of bitcoin by 20% within 24 hours. see link,
http://metro.co.uk/2018/01/16/bitcoin-price-plummets-south-korea-says-cryptocurrency-ban-live-option-7233240/
http://metro.co.uk/2018/01/16/bitcoin-price-plummets-south-korea-says-cryptocurrency-ban-live-option-7233240/
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.
There is no official announcement from South Korea whether they are banning the Bitcoin, but people want to manipulate the market that's why they speculating rumors about South Korea. Even we have seen many times like this about fuding from different countries in order to decrease the Bitcoin value.
There's a huge whale manipulation here for sure. It was cleared days ago that it was not a ban.
That was called as FUD two days ago, but on news (on TV) they are still talking about it as a real delema of South Korea government and they are still thinking of it. Together with that I have heard today that already over than 200 thousands of people sined the petition to stop any banning, and this number is actually more than enough to the government pay serious attention on it.
Wether its a FUD or a legit news, seems like it has already effect on the market. As we can ser, Bitcoin value really drop its value from 17000$ down to 12000$. Surely once the info got confirmation, value will once again hit down. Lets hope that its value would regain again, though I feel like tge risk is to high. Im still planning to buy more bitcoin and take this opportunity to gather greater volume of BTC. Though it's too risky, I still have my trust and support with bitcoin. Diffinitely it will once again back to its normal state.
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.
I am also really don't know whether they banned or not yet but some of the forum members said they totally banned the crypto currencies in their country.But that is the main reason for crypto market is falling.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.
Another country banned crypto currency is China recently they totally banned crypto currency and all the exchanges(overseas and local) are already shut down by the Chinese government.
In my knowledge China,South Korea,Bangladesh,India(maybe not yet)and some other Asian countries banned crypto currencies in their country and if anyone caught using will leads to serious punishment.
India hasn't banned Bitcoin or crypto-currency till now, However Indian govt. attitude towards Bitcoin is not much encouraging. Even the Central Bank(RBI) of India also cautioned Bitcoin or cryptocurrencies users calling it a bubble and suggested to stay away from it.
That was called as FUD two days ago, but on news (on TV) they are still talking about it as a real delema of South Korea government and they are still thinking of it. Together with that I have heard today that already over than 200 thousands of people sined the petition to stop any banning, and this number is actually more than enough to the government pay serious attention on it.
Its just really a FUD which they do announce it recently about such news which is entirely fake and which causes a dump on price of bitcoin and into most alts.For those who did panic on those times then I'm sorry for their loss.For sure lots of them do cut loss because they do heard about that FUD but eventually it did recover after they do announce that its not really true and regarding on the thing you do mention on here 200k petition would really give attention into government. 
That was called as FUD two days ago, but on news (on TV) they are still talking about it as a real delema of South Korea government and they are still thinking of it. Together with that I have heard today that already over than 200 thousands of people sined the petition to stop any banning, and this number is actually more than enough to the government pay serious attention on it.
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.
I am also really don't know whether they banned or not yet but some of the forum members said they totally banned the crypto currencies in their country.But that is the main reason for crypto market is falling.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.
Another country banned crypto currency is China recently they totally banned crypto currency and all the exchanges(overseas and local) are already shut down by the Chinese government.
In my knowledge China,South Korea,Bangladesh,India(maybe not yet)and some other Asian countries banned crypto currencies in their country and if anyone caught using will leads to serious punishment.
India hasn't banned Bitcoin or crypto-currency till now, However Indian govt. attitude towards Bitcoin is not much encouraging. Even the Central Bank(RBI) of India also cautioned Bitcoin or cryptocurrencies users calling it a bubble and suggested to stay away from it.
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.
I am also really don't know whether they banned or not yet but some of the forum members said they totally banned the crypto currencies in their country.But that is the main reason for crypto market is falling.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.
Another country banned crypto currency is China recently they totally banned crypto currency and all the exchanges(overseas and local) are already shut down by the Chinese government.
In my knowledge China,South Korea,Bangladesh,India(maybe not yet)and some other Asian countries banned crypto currencies in their country and if anyone caught using will leads to serious punishment.
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.
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