Topic: Would korean shut down bitcoin exchange? - page 2. (Read 229 times)
If korean shot down bitcoin exchange theres posible that the bitcoin is going down because of that but dont worry bitcoin is number one in crypto and i known that is back to normal value you known the crypto world if the coins is down buy and if coins up sell thats life to the world of trading.
I think it is unlikely that they will completely ban cryptocurrency exchanges. But even if this happens, I think the market will not fall and only a little shake. Then it will recover again, as it was with China in 2017. Don’t think about it too much.
I also don't think that Korea will shut down the bitcoin exchanges because it is one of the world's larger trader on a country basis. That would surely affect their economy as well. Probably their gonna ban those unregistered ones.
Don't worry too much about the South Korean news, a few days before the news, the South Korean government is mainly to the real name system for people to buy bitcoin, in addition to the foreign exchange control, it is necessary for the bitcoin market healthy development in South Korea, we see Japan and South Korea for bitcoin's attitude is open.
Cryptocurrency has been adopted in South Korea at a dizzying speed that is why the government has been alarmed at such a tremendous growth of something which they still don't have the regulatory power over with. No, the government will never close Bitcoin or cryptocurrency exchanges just like what China did last year but will surely regulate the whole market so that things can be run properly and investors may not fall victim to shady practices by some market participants. Bitcoin exchanges have to follow the rules including KYC requirements for their members/clients and of course the most important thing they should be paying taxes or just any other business not following the law they can be subject to closure and penalties. I am predicting that cryptocurrency will definitely be blooming and growing in this very vibrant market. South Koreans just love to be part of the cryptocurrency market reinforcing my notion that there is a great future of cryptocurrency in Asia even if China had already closed its doors.
I don’t think Korea will shut down exchanges, they have been talking about it for awhile. The most is to follow China footsteps and regulate exchanges.
Currently there are some news report about korean government. The report say the government there has great concern on bitcoin. Bitcoin has been very popular in korean. What we saw is that the price of altcoin is much higher in korean than the average around the world. However, the unconfirmed message about government's decision now gave a bit hit on bitcoin price. What we saw these two days is the continuous decreasing of all in the market. What if korean really close up exchange? It may pull the price down to zero!!!! I guese. So, do you think whether korean would shut down bitcoin exchange? Would that also lead other governments(like US or China) to close exchange? what if all exchanges are closed up in the world? 
The Korean government's financial watchdog also said it was considering expanding current trade regulations to include virtual currency. However, this extension should also have a legal basis. These regulations include confirmation of the identity of investors, declaration of operating income, supply of electronic wallet codes for money laundering prevention and control. The introduction of more regulations will help the virtual currency market in the country reduce the fraud. South Korea, despite being known as one of the world's largest virtual currency trading countries, is suffering a lot from investors here.
South Korean news today in my country also began to spread, don't have to worry about this problem, just like last year's China closed exchange, everyone thought that a bear market, but the btc reached $20000,
Currently there are some news report about korean government. The report say the government there has great concern on bitcoin. Bitcoin has been very popular in korean. What we saw is that the price of altcoin is much higher in korean than the average around the world. However, the unconfirmed message about government's decision now gave a bit hit on bitcoin price. What we saw these two days is the continuous decreasing of all in the market. What if korean really close up exchange? It may pull the price down to zero!!!! I guese. So, do you think whether korean would shut down bitcoin exchange? Would that also lead other governments(like US or China) to close exchange? what if all exchanges are closed up in the world?
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