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Topic: South Korea officially recognizes cryptocurrency exchanges as financial... 🔥🔥 (Read 1627 times)

jr. member
Activity: 275
Merit: 7
The good side is recognizing the existence of cryptocurrency and their possible to be exchange, and the bad I think there will be controls and centralization these exchanges .

Totally agree with you  Smiley
member
Activity: 350
Merit: 15
The good side is recognizing the existence of cryptocurrency and their possible to be exchange, and the bad I think there will be controls and centralization these exchanges .
member
Activity: 364
Merit: 10
I wonder how the market will affect Korea after the approval of the crypto currency, so to say, not everything is going smoothly.
member
Activity: 490
Merit: 10
In my opinion, that is good news, it will promote the crypto market, we need a country to pioneer the way for other countries to follow. will attract more investors to participate in, a good sign for the crypto market
full member
Activity: 280
Merit: 100
The Future Of Work
South Korea for now recognizes crypto currency exchanges as financial institutions. It's a GOOD news and BAD news... More info here: https://blockchainmuffin.com/south-korea-officially-recognizes-cryptocurrency-exchanges-as-financial-institutions
I would rather think that it is a good news because South Korea is not the last country in the world, and their opinion can influence other countries in neighbourhood to follow their attitude and accept same things.
member
Activity: 252
Merit: 10
this is very good news in the crypto currency world! recognition of crypto exchanges around the world - will give way to legalization bitcoin and let the rest of the crypto coins! Capitalization of crypto currency is constantly growing, and with it, and the spread of colloquial exchanges around the world!
newbie
Activity: 16
Merit: 0
Good news! Now we are slowly, but steadily moving towards the total recognition of BTC (as well as other crypto) globally. Congrats!
newbie
Activity: 168
Merit: 0

That was amazing! I think it must come very soon, when countries have a more comprehensive overview of Bitcoin, it will be a smart choice, leading the digital race to the technology. Korea, too, has seen the future of the BTC in particular and electronic money in general, and I think there will be more countries in the world choosing Bitcoins as their currency to pay for. of the future.
newbie
Activity: 70
Merit: 0
In my opinion, bro, this is very good news because it will have a big impact on the world of cripto currency because it will increase investors in crypto currencies and will make the market pump because of the decentralized ripto currency.
and about the crypto world. I hope this news has a positive impact
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
South Korea for now recognizes crypto currency exchanges as financial institutions. It's a GOOD news and BAD news... More info here: https://blockchainmuffin.com/south-korea-officially-recognizes-cryptocurrency-exchanges-as-financial-institutions

To me it's a very good news. I have no problem with (KYC) and (AML) things.

Agree. Unless you're engaged in any criminal activities, you should be happy about that. What's the problem with (KYC) and (AML) if you are not a criminal, right?
This is indeed a good news because South korea is a great market for cryptocurrency. I also don’t have problem with the KYCA as long as the project is good and legal. Maybe people are just afraid to be scam so they don’t want to expose their personal details.
member
Activity: 490
Merit: 10
SEND AND RECEIVE MONEY INSTANTLY
Things that are positive in such news are always more effective. If the ETF is approved, it will be officially recognized in the US.
newbie
Activity: 18
Merit: 0
That can't be that bad at all. I hope it will mean better conditions for all the participants (or at least I like to think so) Cool
full member
Activity: 381
Merit: 100
This is probably the happiest news for our global community because Korea is a huge crypto market. I think it will affect the price investors will increase again. Positive information to the community.
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
Its a very good news for cryptocurrency that south Korea officially recognize cryptocurrency exchange. For this way south Korean people smoothly doing there cryptocurrency related work. Other country also should follow south Korea.
member
Activity: 952
Merit: 41
Am very happy with the news coming from cryptocurrency recently more important the south Korea news it will be a mile stone success to the blockchain technology entirely that will bring more people into adopting cryptocurrency as they secondary currency.
hero member
Activity: 1106
Merit: 501
As expected South Korea will be one of the majority who will most likely to adapt crpytocurrencies as they are curious about incoming technology and they are ahead of technology from other countries, they adapt cryptocurrencies since they wanted to be ahead with any incoming information and with knowing that cryptocurrencies has potential it obviously needed some attention, in other countries government won't allow any news that will maximize the relevance of cryptocurrencies since they are political biased and wanted to get attention from people for them to get reelected and to corrupt more money.
member
Activity: 574
Merit: 11
country shouldn't ban cryptocurrency cause this is the digital money in the future, with bitcoin every transaction is safe and your identity is safe to. so in the future will be more safe from transaction with cryptocurrency.
newbie
Activity: 15
Merit: 0
I would definitely take it as a good news because this might lead to other countries starting to regulate cryptocurrencies too. Once a country regulates cryptocurrency it means that it has legalized the use of crypto in that country. This could be the gateway for crypto to go mainstream and worldwise use. Even if this does not lead to such a mainstream level it will at least encourage many people to start using cryptocurrencies.

Absolutely! I believe it will breathe more life in the crypto market and help it become stronger and more protected (I suppose).
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I would definitely take it as a good news because this might lead to other countries starting to regulate cryptocurrencies too. Once a country regulates cryptocurrency it means that it has legalized the use of crypto in that country. This could be the gateway for crypto to go mainstream and worldwise use. Even if this does not lead to such a mainstream level it will at least encourage many people to start using cryptocurrencies.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
In my opinion it's mostly good news. If initial regulation makes it's roots stronger and promotes the use of crypto in mainstream than I think it must be welcomed. But yes, regulations must be only to make it safer. Any attempts on making it centralized must be discouraged at any cost.
Youre right on that mate as we know south korea is one of the biggest and progressive country in the world,and recognizing cryptocurrency is a breakthrough for our motivation to be accepted in the whole universe.so for me this is just a good news and has nothing to do in bad.this is a cause for celebration as one big counry enters a crypto family
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