Post
Topic
Board Speculation
Re: South Korea trading ban
by
usekevin
on 23/01/2018, 13:55:32 UTC
I think the government of South Korea want to regulate cryptocurrency exchanges and not totally ban. There are news article that they are planning to tax exchanges.
Not only South Korea but China also planning to  regulate cryptocurrency exchanges or ask for more taxes.
this will lead more to start regulating bitcoin or try to ban mining.
i read SK will accept trading again soon.

Now bitcoin is slightly banned in South Korea. Only the trading of bitcoin is banned in South Korea. Additionally it was not fully banned ,the government should get an approval for the ban of bitcoin. Nearly 30-40% of trading is made in South Korea, this is one of the reasons for the price fall in few days.

I strongly agree with you. Now the bitcoin trading is start to ban in SK,but it was not officially announced. The government of SK should get the approval of ban issue about Cryptocurrency. Out of 100,nearly 5 percentage of bitcoin trading is made on South Korea with respect to the world percentage.