Quote from: Minecache on July 03, 2017, 05:11:14 PM

This hot news is currently breaking on all the wires. South Korea is on the verge of legalising Bitcoin. Fill your bags...

https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

Updates to follow as we receive them...

Regulate =/= legalize.

this is a similar law that the Indian government has announced recently, and people said that they were going to legalize bitcoin when really it's just putting up more restrictions for the bitcoin traders out there.

Now, is this really good news? Probably not. As we all know, korean exchanges have historically been overpriced. Reason being very tight capital control, if this was to regulated any further then bitcoin in korea is going to be even more expensive, and noobdy can buy it without taking an instantaneous loss.

Quote from: satoshforever on July 04, 2017, 12:30:53 AM

Funny that people translate "regulate" to "legalize". This snip explains it better: https://www.snip.today/post/new-south-korean-bill-will-officially-regulate-cryptocurrencies/

Thanks, i find that a lot more accurate.