Topic: No Cryptocurrency Ban in South Korea - page 2. (Read 282 times)
from what I know south korea is a leader in internet industry; there would be no usefulness in banning bitcoin.
The big players have benefited from this fuds. Good to hear this piece of good news. Hope the fuds get cleared up and market recover soon.
As usual there will be no other benefactors but those people who spread this FUD. They already knew its coming and that's how they are playing with the market so basically during these times they have understand that it's one of the best time to spread FUD when the market is quiet and calm. 
OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says
The South Korean government’s official announcement came after a massive backlash and criticism against the Ministry of Justice, which independently announced its plans of banning cryptocurrency trading. The Ministry did this without the consent of the Ministry of Strategy and Justice and other government agencies involved in the South Korean cryptocurrency regulation task force.
According to the Blue House, more than 60,000 citizens voted in a petition to fire the head of the Ministry of Justice Park Sang-ki, who released a premature statement earlier today, on January 11, that the government will implement a policy to shut down cryptocurrency trading.
Almost immediately after Minister Park released his statement, the Ministry of Strategy and Finance emphasized that it does not support or agree with the decision of the Ministry of Justice to ban cryptocurrency trading. It also added that the Ministry of Strategy and Finance only found out about the statement of Minister Park through media reports, and the decision to ban cryptocurrency trading was not agreed upon by the task force.
Cointelegraph: https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says
The South Korean government’s official announcement came after a massive backlash and criticism against the Ministry of Justice, which independently announced its plans of banning cryptocurrency trading. The Ministry did this without the consent of the Ministry of Strategy and Justice and other government agencies involved in the South Korean cryptocurrency regulation task force.
According to the Blue House, more than 60,000 citizens voted in a petition to fire the head of the Ministry of Justice Park Sang-ki, who released a premature statement earlier today, on January 11, that the government will implement a policy to shut down cryptocurrency trading.
Almost immediately after Minister Park released his statement, the Ministry of Strategy and Finance emphasized that it does not support or agree with the decision of the Ministry of Justice to ban cryptocurrency trading. It also added that the Ministry of Strategy and Finance only found out about the statement of Minister Park through media reports, and the decision to ban cryptocurrency trading was not agreed upon by the task force.
Cointelegraph: https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says
As expected, the news about the forthcoming ban on crypto currency in South Korea was not entirely reliable and did not reflect the views of the entire government of this country.
I especially liked that 600,000 inhabitants of this country wrote a petition for several days with a demand not to prohibit the crypto currency and dismiss the Minister of Justice, who expressed his negative opinion on this matter.
I especially liked that 600,000 inhabitants of this country wrote a petition for several days with a demand not to prohibit the crypto currency and dismiss the Minister of Justice, who expressed his negative opinion on this matter.
There will be no cryptocurrency trading ban in the short-term in South Korea, according to the Blue Office, the executive office and official residence of the country’s head of state.
"All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
If the decision has not been approved by the government, there is still a lot of hope for the btc. And with such a high number of protesters, I think we are still quite optimistic about the future of btc. There have been quite a few countries announcing that they will ban crypto transactions but in the end there are no official announcements about this. You can still be assured and try to make a lot of money from btc. "All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
It honestly comes to little suprise, as even the reports themselves were mostly talking about regulation unlike what some of the headlines implied. Would have made for less exciting news though, I suppose.
I think it's safe to say that Bitcoiners have learned to take FUD with a huge grain of salt nowadays. It also helped that when China actually did shut down exchanges, it merely lead to a short term price fluctuation. Bitcoin is growing more resilient every day.
These artificially created fake news to drive BTC price down haven't got as much impact as it used to be. I'm not saying there won't be any fluctuations but not as bad hopefully. I regret those days when I sold my bitcoins by being week-handed instead of hodl. I'm sorry for newbies entering this game and get ripped off like this. It's a painful experience to learn this way. Steady hands, patients and reading news can save a lots of money to us all.
True, the decline we saw yesterday wasn't too deep as compared to the past. Bitcoin has already laid a solid foundation which is now very difficult to destroy.
I think it's safe to say that Bitcoiners have learned to take FUD with a huge grain of salt nowadays. It also helped that when China actually did shut down exchanges, it merely lead to a short term price fluctuation. Bitcoin is growing more resilient every day.
It was all a giant FUD, and everobody is aware of that, i can not understand why a lot of people were saying that they were going to seize almost all the exchanges, that they were going to kill the mining pools, and so on, it was all a huge fake to make the price go down
Totally agreed with your point. These fuds are so common and yet people believe what they read without thinking.
It was all a giant FUD, and everobody is aware of that, i can not understand why a lot of people were saying that they were going to seize almost all the exchanges, that they were going to kill the mining pools, and so on, it was all a huge fake to make the price go down
I even suspect that the south Korean official is hostile to the market, because his irresponsible remarks have led to a drop in the price of the entire encrypted money market.
That's not his fault and is more of an issue of weak hands panicking merely on the possibility of bad news. If all it takes is someone to say one bad thing even if it isn't true then crypto is doomed. It can even get much worse than this as sometimes all it takes is a tweet from a minor celebrity in the crypto world to send an alt coin tumbling or to skyrocket.
I think this is good news, and this news will make other bitcoin and crypto become recovered in decline. yes hopefully the news yesterday is really just a rumor.
These artificially created fake news to drive BTC price down haven't got as much impact as it used to be. I'm not saying there won't be any fluctuations but not as bad hopefully. I regret those days when I sold my bitcoins by being week-handed instead of hodl. I'm sorry for newbies entering this game and get ripped off like this. It's a painful experience to learn this way. Steady hands, patients and reading news can save a lots of money to us all.
The big players have benefited from this fuds. Good to hear this piece of good news. Hope the fuds get cleared up and market recover soon.
This is huge news and we can expect a good portion of increase in bitcoin price because of this news and hold BTC everyone who heard this news.
There will be no cryptocurrency trading ban in the short-term in South Korea, according to the Blue Office, the executive office and official residence of the country’s head of state.
"All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
That's a good news.Yesterday after the announcement of the justice minister of South Korea regarding the plan of banning cryptos, bitcoin's value suddenly dropped.Those negative news has a negative impact on cryptocurrencies.Good thing South Korea won't allow cryptos to get banned anymore, this is an indication that bitcoin's value will increase again. "All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
These neg news are mostly published by Russia's governmental media , I think Russian media has no work besides fighting cryptos by spreading negative signs about the whole crypto community.
I even suspect that the south Korean official is hostile to the market, because his irresponsible remarks have led to a drop in the price of the entire encrypted money market.
There will be no cryptocurrency trading ban in the short-term in South Korea, according to the Blue Office, the executive office and official residence of the country’s head of state.
"All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
"All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation," FInance Minister Kim Dong-yeon told reporters, as quoted by the news agency Yonhap.
"The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries," Kim added.
Friday’s news comes after a major wave of criticism was aroused in South Korea following the previous day’s announcement by the Ministry of Justice, stating its plans to ban cryptocurrency trading. It seems the Ministry of Justice acted independently and without the consent of other government agencies. More than 60,000 Koreans have signed a petition against the mooted cryptocurrency trading ban and for the dismissal of the head of the Ministry of Justice Park Sang-ki, who announced the upcoming ban. South Korea is one of the largest hubs for cryptocurrency mining and trading.
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