Quote from: Joyjit on February 05, 2018, 06:31:56 AM

I have got this news from news.bitcoin.com but I can not seem to find the link to it. However, I think you are right. Any insight from China is going to be negative. If any progress occurs regarding this all of us are sure to receive press releases from everywhere.

I think its better if you provided us the link so that we can read and comment on it.

Quote from: Shrinath on February 07, 2018, 11:31:27 AM

The South Korean Minister of Strategy and Finance has met with the governor of the Peoples Bank of China to discuss and share economic policies including cryptocurrency countermeasures. While China has imposed strict regulations on cryptocurrency trading, including closing down domestic crypto exchanges, South Korea has adopted a less strict approach with successively releasing countermeasures for cryptocurrencies. However, closing down crypto exchanges has been avoided so far. At the National Assembly Planning and Finance Committee meeting on Wednesday, Kim pointed out that there may be a problem of underground transactions and foreign currency leakage if exchanges are closed. Cryptocurrency exchanges are not financial entities in Korea; they fall under the e-commerce law. In contrast, Kim noted that, in Japan, they are managed by registration with the countrys financial authority. South Korea re-iterated that Cryptocurrency exchanges are not financial entities in Korea; they fall under the e-commerce law. In contrast, Kim noted that, in Japan, they are managed by registration with the countrys financial authority.

And other main difference: South Korean government heeds and listens to their constituents as opposed to
China wherein they have total control and people cannot freely expressed their opinions. As you can recall theirs a petition from the South Korean not to ban crypto and anything crypto related, and immediately the Finance Minister suddenly changed their tone and said that they have no intention to ban or suppress crypto currency.

https://www.ethnews.com/south-korea-responds-to-cryptocurrency-petition

Let's see how it goes but I believed that they will not put a hammer ban, however, they will implement a tighter regulations like sharing information with their local banks.