South Korea & China, two of the most important name in the crypto world. South Korea wants to discuss Cryptocurrency regulations with China's Central Bank. What do you think the outcome is going to be ?
So they are allied now in talking of Crypto currencies investments. I just wonder that instead of Japan which is their allied in democracy and most expert in crypto currencies but they negotiate with China. Maybe China was most respected in talking of banning and regulating crypto but i just heard that their president is now supporting the blockchain that link to crypto in which for me is a turning point of event that maybe there is hidden agenda in which they will benefit most.
The only logical reason I can think of is that China used to be the number 1 in terms of bitcoin and crypto supporter. But they suddenly changed their tune and make a U-turn. And they probably want to understand if its better to just adopt regulations and see what China does. Japan is different though, they have adopted it so there's nothing to be that South Korean's can learn from them. And the probably cross referencing everything on how to really curb out those scammers and regulated crypto trading and local exchanges.