South Korea Officially Legalizes Bitcoin, Huge Market For Traders - page 2.

KrakAJAX

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Quote from: SulemanSamf on July 24, 2017, 03:56:49 PM

Congratulation south Koreans.
It's good to see that bitcoin is getting an official Support from all over the world.
Waiting for my country to legalize bitcoins soon.
#India #Indian

Well to start the Govt of Andhra Pradesh just joined the EEA so that is a good sign. I heard some other things about the government looking into bitcoin so its only a matter of time.

SulemanSamf

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Congratulation south Koreans.
It's good to see that bitcoin is getting an official Support from all over the world.
Waiting for my country to legalize bitcoins soon.
#India #Indian

KrakAJAX

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Quote from: waynechong1995 on July 24, 2017, 02:46:35 PM

Good news! Korea have very serious economy power and i know their gaming sector are pretty amazing, BTC would be surely integrated as a form of payment

Overall southeast asia and the surrounding areas are doing a fantastic job at updating their regulatory frameworks to integrate digital currency. It is a beautiful thing.

waynechong1995

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swing!

Good news! Korea have very serious economy power and i know their gaming sector are pretty amazing, BTC would be surely integrated as a form of payment

IamAltcoinfan

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homt.net

Its really good news after Japan legalised started accept bitcoin even in airlines there was big boom happened in bitcoin almost 2X now south korea also legalised then there should be big pump but waiting for august first eagerly.

KrakAJAX

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Quote from: junan1 on July 24, 2017, 12:29:27 PM

Quote from: Gluestack on July 22, 2017, 05:52:41 PM

Quote from: adaseb on July 22, 2017, 05:48:24 PM

is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

It depends of what u think of the fatty comrade, but if u ask people there south korea is more popular

I rather suspect that if you asked the people of North Korea they'd say there's was the good one.

Quote from: mayax on July 24, 2017, 04:30:51 AM

all the exchangers must have a financial license(doesn't matter the country) and this is the future. ask Kraken, Poloniex, BTC-e and others if they have one (only 6 exchangers own a license) .

I truly hope this is not the future! I like the growing freedom of choice in financial service providers and the freedom to create my own financial service should I choose. I like the way market competition and reputation grow the space gradually, decade-by-decade, in response to the ever-changing wants and needs of customers.

I hope for and work towards a world with less country-wide, top-down rulings and more social, voluntary associations.

I want a more decentralised future.

Decentralized futures are great, it's just a matter of putting in legislation properly, and when the legislation needs to be introduced by people who will then have less power in the future, sometimes problems arise.

junan1

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Quote from: Gluestack on July 22, 2017, 05:52:41 PM

Quote from: adaseb on July 22, 2017, 05:48:24 PM

is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

It depends of what u think of the fatty comrade, but if u ask people there south korea is more popular

I rather suspect that if you asked the people of North Korea they'd say there's was the good one.

Quote from: mayax on July 24, 2017, 04:30:51 AM

all the exchangers must have a financial license(doesn't matter the country) and this is the future. ask Kraken, Poloniex, BTC-e and others if they have one (only 6 exchangers own a license) .

I truly hope this is not the future! I like the growing freedom of choice in financial service providers and the freedom to create my own financial service should I choose. I like the way market competition and reputation grow the space gradually, decade-by-decade, in response to the ever-changing wants and needs of customers.

I hope for and work towards a world with less country-wide, top-down rulings and more social, voluntary associations.

I want a more decentralised future.

Przemax

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There is something that does not fit, with what you had copy paste, and what is in the title. South Korea only legalize the international large transfers, and the further legalisation is the article writer interpretation of the story.

Legalisation of bitcoin would mean treating it as a legal tender to pay taxes. Sounds like someone want to create some kind of a hype.

And the article says that the South Korea has an already a huge bitcoin market, so the possibility form zero to hero is not on the table.

Btw bitcoins is already regulated as it is around the world. Every cryptocurrency exchange need to comply to the banking laws. So its a form of legalisation in its own.

Rshinde

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Quote from: adaseb on July 22, 2017, 05:48:24 PM

is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

It's the good Korea, the one you are sceptical of is, in fact, North Korea (the dictator's nation). Wink

flower1024

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Quote from: flag39 on July 24, 2017, 04:51:07 AM

Quote from: mayax on July 24, 2017, 04:30:51 AM

it's not about "legalizes". it was legal if you had a financial license in past too. that means "legalize". it's nothing new

all the exchangers must have a financial license(doesn't matter the country) and this is the future. ask Kraken, Poloniex, BTC-e and others if they have one (only 6 exchangers own a license) .

Great news! legalizing bitcoin.
Could someone tell me if this means that the government of that country will will stabilize the price or at list put a minimal taxable price?

If the Korea want money to develop the country than their govt will collect tax from Bitcoin users. Or else if it is already developed the country and they don't need people money to develop then they will not put any tax on Bitcoin transaction. But once they legalise this currency they will have all records for Bitcoin transaction.

flag39

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Quote from: mayax on July 24, 2017, 04:30:51 AM

it's not about "legalizes". it was legal if you had a financial license in past too. that means "legalize". it's nothing new

all the exchangers must have a financial license(doesn't matter the country) and this is the future. ask Kraken, Poloniex, BTC-e and others if they have one (only 6 exchangers own a license) .

Great news! legalizing bitcoin.
Could someone tell me if this means that the government of that country will will stabilize the price or at list put a minimal taxable price?

Netnox

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Quote from: links on July 22, 2017, 05:43:33 PM

Already, according to market data sources, the South Korean Bitcoin exchange market processes over 14 percent of global Bitcoin trades, the third largest market behind the US and Japan.

Surprised to hear this. I was thinking that Russia was at no.3, followed by China at no.4. But I still don't really trust this data. I find it weird that South Korea is having higher volumes than China. China is having 30 times the population, and almost the same Bitcoin adoption levels.

mayax

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it's not about "legalizes". it was legal if you had a financial license in past too. that means "legalize". it's nothing new

all the exchangers must have a financial license(doesn't matter the country) and this is the future. ask Kraken, Poloniex, BTC-e and others if they have one (only 6 exchangers own a license) .

MWesterweele

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Quote from: Xenrise on July 22, 2017, 11:19:35 PM

Wow this is really great. Another country to legalize bitcoin in theirs. Wow, we are really getting into the cryptocurrency world. We know for a fact that South Korea is a great contributor on many fields such as in the field of technology. It is so cool to see this news and hope to see more links or news coming from you sir! Thank you for informing everyone here in the forum. Cryptoworld, here we come!

it is good to know that other country are legalizes it, when we want to go for that country it is easy for us, because they will accept our bitcoins , we can spend our bitcoin thru sending it to them. it is good hopes that other country might as well legalizes it.

mk4

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Paldo.io 🤖

Another good news for bitcoin. I've heard in other forums that Koreans take a good percentage of userbase in various forums. Not sure how much effect would this have on the prices though, as I think some Koreans were already into bitcoin trading even before the legalisation.

Vaskiy

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: sumit513 on July 24, 2017, 03:48:28 AM

Great news indeed. Who's next? Australia? India?

This has happened long back. Just because of the same more market will get initiated functioning on the bitcoin platform. When Japan legalized bitcoin more investment flow got generated, which is just because of the increased shops around the market starting to accept bitcoin same as traditional currency. The next might be Australia and not India, because to manage with such a big population of India is difficult.

surix

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It seems in coming 2~3 years the buying power from Asia will really drive the bitcoin economy high. And I can't wait for the big ones to jump in (USA, China, Russia...).

jorneyflair

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LOL, South Korea is the good one. Guess the floodgates have opened, China, Australia, Japan, India and now South Korea. South Korea is one of the biggest technology providers and it is certainly no surprise that they have also started accepting Bitcoin. I could imagine some really nice technology that South Korea could make with Bitcoin.

It is happening, Bitcoin is coming mainstream!

sumit513

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Great news indeed. Who's next? Australia? India?

LouVandetta

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Quote from: adaseb on July 22, 2017, 05:48:24 PM

is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

I don't know if this is the rigth way to answer this, but the people that are living in both sides of korea's are good people.
Yet, north korean is the evil one [the goverment]. *sorry

All things aside, this is a great news.

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