South Korea and Australia, they are bitcoin pro - page 2.

kryptqnick

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Quote from: malekbaba on August 15, 2020, 01:49:09 PM

Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload

The examples show pro-technology and perhaps pro-crypto stance, but they are mainly not related to Bitcoin. However, it is true that at least South Korea has been open to cryptocurrencies and Bitcoin for a while. Here's an article containing some impressive information about it. Australia does not get on the global crypto news that often (at least, I've seen articles about South Korea way more often), but it seems that Bitcoin and crypto exchanges are regulated there. Less than two months ago, post offices started selling BTC there. All that being said, Bitcoin is treated as property in Australia and I could not find out what it is in South Korea, but it's not money, so it's not that great. Regulations impose heavy taxes.

rexxarofmoknathal

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Quote from: Baofeng on August 15, 2020, 02:35:14 PM

South Korea and Australia has been bitcoin friendly since 2017, so there are no surprise here that they are moving and adopting blockchain to be integrated in their systems.

That's right, South Korea has been pro-crypto for several years now (i.e. since 2017) and it seems that matters are progressing fast.

Only several days ago S. Korea government has become one of the 1st countries in the world to pass a cryptocurrency law regarding frameworks for the crypto regulation and its exchanges to crack down on illegal activities while encouraging expansion of this type of digitalised finance.

For a more in depth read on this story you can click here.

mariah.sadio

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Real pros are north korea. Did you hear about their hackers/miners? Looks like they really generate huge income for the gov

UserU

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Quote from: Yamifoud on August 16, 2020, 08:29:07 AM

Now, I looking forward to seeing other countries (ASIAN countries)will open up their minds and see the importance of Bitcoin, especially in the situation today. I know these countries soon to give away for crypto adoption and have supported. In fact, this could be actually a good step for a comfortable way during the pandemic and this development will make it help to slowly recover their economic losses. We all see's that Bitcoin adoption is increasing and it is quite to know also that people are so happy with this new technology as they could still make a living out from it.

But what I would like to see is how strong they are with this project. And how their people appreciated and used it as another form of payment or just an investment only.

The authorities are the main challenge. Anything that can't be tracked, don't expect easy entry lul.

fiulpro

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Quote from: malekbaba on August 15, 2020, 01:49:09 PM

Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload

It's not just South Korea and Australia there are many other countries which have integrated Bitcoins and other cryptocurrencies in their economics and it's as normal as using a master card.
With the new Advent of crypto cards soon being in circulation in Europe I do believe there will be other countries willing to jump in the race too .

Here is the list of countries that I found online where Bitcoins and other cryptocurrencies are highly valued:
Malta
Bermuda
Switzerland
Japan
Gibraltar
Slovenia
Singapore
Estonia
Georgia
Belarus
Hong Kong (it's system is separate from China , thus can be classified differently)
Germany

https://99bitcoins.com/bitcoin-friendly-countries/

Honestly these are the countries which have already won the race of being years ahead of other countries.

cabron

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It will not take long to see more countries will also adopt BTC and ETH for it really can thrive even in this covid crisis. A developed countries like South Korea and Australia can easily adopt cryptocurrency, it must be easy for other countries as well. All other countries I think will have no option but to also adopt because we all need secure transactions.

minairia3

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These two countries are known to be active crypto community. Unlike Russia who are immensely against crypto, they are supporting and embracing digital industry, Im not sure but other countries are probably extending their support to crypto ans blockchain products. Even the China who are reluctantly banning crypto before now have their own digital asset and integrating top crypto coins. Was not sure why bitcoin is not included?

Good news to hear that two top countries are constantly getting involved. I can predict more progress as time pass by.

glowing10

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This is good that some countries are very proactive and setting up the things for their citizens who can make best use of this digital currency and gives them a chance to makes money through the revenues of taxes etc. Hope some other countries also make the bitcoin as legal in their countries and boost the crypto in coming years.

rodskee

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Quote from: tabas on August 16, 2020, 05:55:12 AM

Quote from: malekbaba on August 15, 2020, 01:49:09 PM

In Busan, visitor can pay service charges with byc/eth.

You mistyped BTC into BYC.
News about Australia accepting payments in bitcoin like its airport on Brisbane has been one of the biggest news ever as the first-ever, two years ago.
Australian airport becomes the first to accept Bitcoin

And regarding to South Korea they are really crypto friendly country, they also started accepting ETH
for every people who visit their beaches is some places.
The news regarding to this two countries will attract more people who are not that much familiar
about crypto not just bitcoin but the entire market itself.
Giving positive news like this will attract more readers and more interest out from people who are trying
to navigate in exploring crypto industries.

Assface16678

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I think this is another year with the number of people making an investment with the use of the cryptocurrency because they know now already and spreading the news with the support of the bitcoin we all know that those countries are a friendly adopts the use of the digital currency. Still, we are heading toward the other countries that will make move too right now with the use of the bitcoin. Even this takes a lot of time still we are wanting to make innovation and process with the use of the bitcoin.

Right now one of the best things and kind of payment is the online transaction in which bitcoin is on the scope with this kind of transaction but the problem is only a few businesses support this kind of transaction but still what if sooner or later there is some improvement.

Yamifoud

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Now, I looking forward to seeing other countries (ASIAN countries)will open up their minds and see the importance of Bitcoin, especially in the situation today. I know these countries soon to give away for crypto adoption and have supported. In fact, this could be actually a good step for a comfortable way during the pandemic and this development will make it help to slowly recover their economic losses. We all see's that Bitcoin adoption is increasing and it is quite to know also that people are so happy with this new technology as they could still make a living out from it.

But what I would like to see is how strong they are with this project. And how their people appreciated and used it as another form of payment or just an investment only.

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Quote from: Pffrt on August 16, 2020, 08:01:52 AM

Quote from: ?? on ??

I heard that South Korea has too high fees on crypto.

Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?

The conversion sometimes also depends on the website or app. In my country there is a popular mobile wallet that when you convert in their wallet version differs in when we use their exchange website from that same wallet. I think its a deposit or withdrawal fee as the price differs only in the wallet. It will depend if Korea also have such app or alike.

Bitcoin_bullish

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Quote from: Pffrt on August 16, 2020, 08:01:52 AM

Quote from: ?? on ??

I heard that South Korea has too high fees on crypto.

Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?

He is probably talking about a 20% tax that will be imposed on South Korean exchanges from October 2021 for profitable trades over $2000. This tax will be collected right when traders take profits. source

The law applies to foreigners trading in Korean exchanges as well and I think it may apply to Koreans trading on foreign exchanges (although I might be wrong on the last part).

Pffrt

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Quote from: ?? on ??

I heard that South Korea has too high fees on crypto.

Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?

yazher

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I have always seen South Korea is really advancing with their BTC implementation and approvals. But have less information on Australia's progress with Bitcoin. Since this is the only news I have read so far. Honestly, this is one of the good news that you don't see every day in Bitcoin news. I wonder what Japan and Singapore think about this idea. Anyway, let's just wait for another country to make their decision regarding implementation of Bitcoin in their country, I think this will not be the last time we see such news.

davis196

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Quote from: malekbaba on August 15, 2020, 01:49:09 PM

Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload

Why your title is about South Korea and Australia being Bitcoin friendly,but you are writing about ETH based licenses?Can you distinguish Bitcoin from Ethereum? Grin

South Korea is one of the most Bitcoin/Crypto friendly countries in the world,while I'm not sure about Australia being that much Bitcoin/Crypto friendly.
Anyway,I appreciate any effort into implementing blockchain technology and crypto payments in any country around the world.

tabas

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Quote from: malekbaba on August 15, 2020, 01:49:09 PM

In Busan, visitor can pay service charges with byc/eth.

You mistyped BTC into BYC.
News about Australia accepting payments in bitcoin like its airport on Brisbane has been one of the biggest news ever as the first-ever, two years ago.
Australian airport becomes the first to accept Bitcoin

famososMuertos

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Well according to your Op, there is adoption of blockchain but you don't mention anything about bitcoin. You have to understand something, blockchain technology is here to stay, but keep in mind that the fight is because the free and unrestricted use of bitcoin is allowed. I want to be in control.

For governments to adopt blockchain technology is fine, but they do not leave me out of my right to choose which technology to use. That is the bottom line. What we have to understand beyond bitcoin to the moon, adoption, speed of transactions, scalability and I could name more ... no matter what happens in which country, if they always allow me to have control of my assets and decide on My privacy.

This news is already commented, by another user, of course another context, but if you have a new update it is good to place your reference, because I did not find anything new at least in August in some important web portal.

mksundip

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Quote from: malekbaba on August 15, 2020, 01:49:09 PM

Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload

has not South Korea been supporting bitcoin since several years ago? maybe this is a new breakthrough for South Korea and Australia because this will be one of the motivations for many countries to be able to join in advancing crypto like them

jademaxsuy

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Quote from: Baofeng on August 15, 2020, 02:35:14 PM

South Korea and Australia has been bitcoin friendly since 2017, so there are no surprise here that they are moving and adopting blockchain to be integrated in their systems.

Yes by giving more license on exchanges basig o their country. yes, austrilian government had some positive accepted cryptocurrency. But we could also not deny that other country as well accepted bitcoin and even I have seen some threads here claiming that bitcoin is being legalized in their place (India).

Other country like Philippines, Japan and Korea were also interested about cryptocurrency. It is good to embrace cryptocurrency but the problem is that people or the community needs to be educated first before they can safely make it with cryptocurrency. I think cryptocurrency should be introduce to the community litlle by little. In this way it can be effective and cryptocurrency could have higher chancess it could be adapted for the community.

For now, we will just going to wait and see on which country would do the same for cryptocurrency specifically with bitcoin. I just can't wait for it to happen because we are here already being ahead of them a little would be at great advantage.

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