Topic: Is this good news? - page 2. (Read 570 times)
I think this is a good step, by urging the government to break away from negative perceptions and doubts will make investors back to believe in krypto. Hopefully it can encourage trust and investment again.
Do you really think that "Korean Bar Association" can make any impact on cryptomarket or Korean government?! 
Much more bigger news about crypto came in last months, but market doesnt react at all, it is very bearish right now.
Even a good news won't really create a buzz in the market anymore. Much more bigger news about crypto came in last months, but market doesnt react at all, it is very bearish right now.This is a good news for the adoption of blockchain but no effect at all. Though before news do really affect but right now it seems that the demand is still the one that dominates the market. I'm not sure if KBA is too popular to move the market or create a little movement.
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
A source would have been better, in order to credit the author of the write up.Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
I have always known Korea to be lover of crypto, so there won't really be so much antagonism there.
Then the advise put forward might not be accepted by some countries who are yet to understand the benefit behind blockchain technology. Well, its good to see that some countries have already keyed into it
The news will not have an impact on the market because we need greater regulation to drive market prices, maybe now blockchain is considered normal and not special so with articles like that only considered nonsense, then what can push the market back to shine of course we need more many regulations are given by many countries so that the volume on the market increases and if that happens then prices will rise.
Do you really think that "Korean Bar Association" can make any impact on cryptomarket or Korean government?! Much more bigger news about crypto came in last months, but market doesnt react at all, it is very bearish right now.
Much more bigger news about crypto came in last months, but market doesnt react at all, it is very bearish right now.
I also believe that this was most likely done to attract new investments. This kind of news cant be considered significant, I do not think that they can affect the market.
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
The statement only shows that different types of business are embracing crypto currency worldwide and this only making the price of bitcoin in particular to be more attractive to investors and in due time it would surge unstoppable.
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
What ever the motive of this government at least they are talking about cryptocurrency and that's means they consider cryptocurrency in their country , it may have big impact in their country so let's just hope a positive output of this activity since this will results maybe an adaptation by a government .
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
The centralized exchanges could be somewhat more regulated. Few I trust apart from Binance and Cobinhood. In general I am only interested in regulation and instruments that enables "institutional" investors to enter the blockchain market.
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
This is a common desire to get legislators to establish norms and frameworks for innovation, which is the cryptocurrency market.
We can't decide what's good or bad news. Except we saw effect in the market. Many times even fake news also runs the market down also. Just we need to ready for good moment.
I think that in a couple of years the state will legalize cryptocurrency, since there is no need to deny the fact that cryptocurrency will significantly improve life for many, and it is very convenient to make payments
Well, for me this is a good news if the governments breaks the preceptions and hesitation which helps the development of blockchain industries in there country. If they think this is the only why of making there industries more convennient easy and fast transaction for paying bills to the merchants.
I do not think this has a big impact on the value of bitcoin. The Korean government is moving towards the development of bitcoin that is closely monitored by government regulations. But I think this is not good for bitcoin development, bitcoin will grow well and need no regulations from the government.
I agree. Bitcoin doesn't need a government! The main task of Bitcoin and its property is decentralization. We all want to be free of anyone and also we want our funds are only under our control and in safety. So i think Bitcoin will live without government decisions. 
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
For now, neither. This is just an union voicing their opinion about what needs to be done about the blockchain industry and how it needs a regulatory framework. Depending on how the korean govt reacts to this, we can discuss whether it will encourage people to invest in the cryptocurrency market or not. But knowing how pro-crypto South Korea is, I would expect some positive news in the upcoming days or weeks about this whole thing.Is it good news? Well, it is good that even the South Korean lawyers are making an effort to help establish a regulatory framework in the market with help from the govt.
I do not think this has a big impact on the value of bitcoin. The Korean government is moving towards the development of bitcoin that is closely monitored by government regulations. But I think this is not good for bitcoin development, bitcoin will grow well and need no regulations from the government.
This is not bad news. Of course she is not significantly. It may affect investors in this region. In any case, it is good.
I think in any case in the future the cryptosystem will be regulated. Unfortunately, without this in any way. Everywhere where you can earn, everything sooner or later falls into the government.
“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
Yes, this will bring confidence to cryptocurrency, but this will give birth to government regulations in its use. But the question is the extent to which the government is able to control this problem, because the use of cryptocurrency is anonymous.
I think that's great news. But of course there are nuances. Possible pitfalls.
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