The recent news coming from South Korea where the government is now imposing regulations for Bitcoin and cryptocurrency trading is quite reminding us the power of the government to deal with the matter and the seemingly no choice but to cooperate with those in the authority. Cryptocurrency exchanges are for making money and when this fact is threatened because of non-compliance with what the government is imposing, business sense will tell us that it would have no choice but to yield. What is happening right now in SoKor can be that catalyst which other nations may also do.

I am seeing this year to be the year where regulations, compliance, KYC and other related matters would be cemented and become just normal things in connection with the cryptocurrency movement. Do you think this can be good in the long-run or are we not sacrificing long-term repercussions for immediate gains?