South Korea's Official position on not banning crypto trading -

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: GoldBirding on January 13, 2018, 08:58:59 PM

What do you guys think the domino effects are?

Will other countries follow suit?

Most Aisan countries have declared Bitcoin illegal but that hasn't affected the price as a whole because they are not major players in the cryptocurrency world. But the likes of China, South Korea and Japan are major players and a ban there will have terrible consequences for everyone.

shaun98

member

Activity: 238

Merit: 10

Don't think many countries will follow suit. Many countries are already planning on outrightly banning crypto trading and some banks in certain countries have even threatened to freeze bank accounts of crypto traders.

cryptopolus

newbie

Activity: 35

Merit: 0

As we know today, its not as bad as it seemed in the beginning. Its not fake news, because that minister did say those things, just it was his sole opinion. South Korea is also a very developed crypto country, so the possibility of banning trading totally was highly unlikely from the beginning. As for 2018 I do expect more countries will step up on regulations, and will try to make new laws to control ICOs and crypto trading.

I dont know if these things can be connected, but the news came right after it became "public" that North Korea is attacking South Korean exchanges and stealing big amount of cryptocurrencies. In th light of these news it does make certain sense, that they step up harder on exchanges and enforce stronger KYL AML policy.

Ciscopro2000

member

Activity: 494

Merit: 10

I doubt very much any democratic country will ban Bitcoin or any crypto currency. The genie is out of the bottle now. Banning crypto will make crypto even more desirous and valuable.

kingsters

member

Activity: 238

Merit: 12

I was quet but i was not blind

i think its fake news its some team publish scam news for dump bitcoin value

By what team it is jam the his news now bitcoin rasine

ju5510993

newbie

Activity: 90

Merit: 0

In the long run, the market will not be affected much. More importantly, they have also said in a special working group with the justice ministry and other key government agencies that they will continue to follow the regulatory roadmap. The government has little choice but to follow the regulatory framework of other major governments.

GoldBirding

newbie

Activity: 5

Merit: 0

What do you guys think the domino effects are?

Will other countries follow suit?

Topic: South Korea's Official position on not banning crypto trading - (Read 126 times)