Topic: Korea is getting ready to ban cryptocurrency trading. ruh roh - page 3. (Read 817 times)
They want to deal and ban those exchanges that are not following the rules and invading taxes and they aren't banning all trading exchanges. Lots of FUD these days saying South Korea bans all crypto trading. The bill has just been submitted and waiting approval as of now.
I feel like almost everyone is reading just the title and not looking at the article itself. What Korea actually wants is to ban trades through unregulated exchanges, which I'm all for, and I think nobody would be against it. Regulating exchanges would be positive for us all.
Korea is just the next country after China to spread some fud in order to manipulate the market and bring down the process so that more people in their country can grab some cheaper coins. Crypto will boom in 2018!
They won't even ban bitcoin you should beware of this. Opposite to China, Korea want to regulate bitcoin and crypto excahnges. That's what they're trying to do now. Nothing else, trust me. It will be even better after the regulation.
More and more countries will try to regulate this craze since it is not profiting them but the people. I believe in late 2018-19 maybe we will see strong rules for cryptos.
Korea is just the next country after China to spread some fud in order to manipulate the market and bring down the process so that more people in their country can grab some cheaper coins. Crypto will boom in 2018!
Yes, we need not worry. But the fud is affecting our market.
As reported on Dec. 25, South Korea set up a task force to create legislation for the rapidly growing crypto market in the country. Contrary to an outright ban, the body plans to regulate cryptocurrency exchanges as legitimate financial service providers, and ban foreigners and underaged investors from trading on South Korean exchanges. We need to be careful !!!!
I am not sure about politics in Korea, but the government that bans crypto in Korea will won't win an election for another 50 years, it would be like taking Star Craft away and banning the game development industry...at least that's my thesis and I am buying the lows.
China banned the exchanges, market fell but rose higher than ever. So I don't think we should worry if Korea actually bans crypto.
It won't change anything, don't worry guys, or worry if you are Korean citizen. Look at the other country's for example Belarus and Japan. Nothing can stop the cryptocyrrency.
Korean Citizen Petition Opposing Cryptocurrency Trading Ban Nears 100,00 Signatures.
I dont have mind Korea will ban Cryptocurrency, they will realize how important Cryptocurrency for Modern Economic. I mean, we dont need CC, Debt Card. Easy payment using balance in your account
Cryptocurrency is important, yes. But I think it still needs more time for people to start adapting and using it like debit cards and so on.
Though, banning it would be an extremely bad move for the economy, yes. I just think people are still afraid and unsure about it, so it's only a matter of time.
I dont have mind Korea will ban Cryptocurrency, they will realize how important Cryptocurrency for Modern Economic. I mean, we dont need CC, Debt Card. Easy payment using balance in your account
Whales will use this opportunity to manipulate the market so as to buy coin cheap from weak hands. Let see how it plays out just like China ban
i feel that there no way of stopping it right now, these laws are popping day after day and it shook the crytpo community recently leading to it's red days. i Was happy last week when new investors popping and making most of the alts rose. And now all I see is red arrows pointing down, hope it won't last long and will be normal like just like the past days
Even though the article in the OP is misleading, I'm glad it's got people woke and paying attention to what's going on in the rest of the world.
I think banning cryptocurrency trading would be a huge mistake, yet, some countries have already done so. Though, then again, it would be pretty hard to completely ban crypto trading.
I think banning cryptocurrency trading would be a huge mistake, yet, some countries have already done so. Though, then again, it would be pretty hard to completely ban crypto trading.
And some countries have showed support for crypto as well, I think in the end the countries that attempt a ban will be shooting themselves in the foot.
Even though the article in the OP is misleading, I'm glad it's got people woke and paying attention to what's going on in the rest of the world.
I think banning cryptocurrency trading would be a huge mistake, yet, some countries have already done so. Though, then again, it would be pretty hard to completely ban crypto trading.
I think banning cryptocurrency trading would be a huge mistake, yet, some countries have already done so. Though, then again, it would be pretty hard to completely ban crypto trading.
It is impossible to say about the benefits or harm of such news. For beginners, the market decline is to panic and signal that you need to sell everything. For more experienced investors signal to buy. Anyway, such news will appear periodically and shake the exchange more than once, and this should be ready. (Remember the China in the fall of 2017).
In my opinion the market decline is temporary and is created specifically in order to the big players could purchase at a low price.
In my opinion the market decline is temporary and is created specifically in order to the big players could purchase at a low price.
Those FUD reports on bitcoin and cryptocurrencies are not casual, I mean, there is not a wrong understanding of the original news but an intentional FUD. We know the media is owned by corporations and big enterprises, for them is very easy to use their media to spread FUD and buy cheap coins
No this is just FUD. If you go to Joseph Yeung's profile on Twitter, he has dismissed these reports and even said the Justice Minister of South Korea should be fired from his post.
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