The South Korea taking their move on regulating Bitcoin.
The governments stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:
"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."Read the full report:
https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/Today many countries are beginning to study cryptocurancy and blockchain, this is a good signal for the growing crypto market. They try to regulate crypto and suppress the occurrence of crime with crypto. korea make a breakthrough by receiving bitcoin and try to develop it in the hope of becoming a country income through trading and consumption of bitcoin as a means of transaction.
When the lighting network runs we will see the huge impact on the market.