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/Wow this is indeed a great news for all bitcoin and cryptocurrency investor, what i not still sure is if the acceptance for bitcoin by south-korea is the reason for burning price, because we all know how it look like when new country accept currency.
Well, Bitcoin will be more popular these days because of this news and updates. I believe that bitcoin will be accepted by many other countries by 2018 and 2019. Bitcoin will increase its demand and price because of this. Many investors will come and it is a great opportunity for them and us also