What does item mean for Cryptocurrency that China Korea and Japan are swapping ideas for Cryptocurrency regulation?
Is there danger for exchanges based in these countrys?
People in those countries are very interested in bitcoin, most of bitcoin holder are Chinese, korean and Japanese. Chinese people use bitcoin to move their wealth to outside country, Japanese and korean buy bitcoin to safe their wealth due to the grow of war in north korea.
I think China already banned crypto exchanges but some other countries are trying to help in regulating them because mosy of the crypto traders are from those countries but Japan already made bitcoin legal in their country.
If some country banned crypto currencies they will shut down all the exchanges from that country because buying and selling of crypto will be called as crime.But it is better to regulate the usage of bitcoins than totally banning it.
No, bitcoin transactions are not completely banned in China, and people can still trade privately.