Quote from: PTCSuccessBlog on April 20, 2019, 07:53:41 PM

The world of cryptocurrency has its fair share of individuals who engage in criminal activity (just like in the world of fiat currency). A growing number of countries are slowly but surely learning to accept the fact that blockchain technology is here to stay. Governments can either learn to accept the changing face of fintech or get left behind.

The government of South Korea learned to accept the use of blockchain technology, but applied very strong regulations for its use to mitigate its abuse by criminal elements.

South Korean government officials, at the recent Deconomy conference in Seoul, stated that it was time to re-evaluate the countrys regulations for the use of cryptocurrency and blockchain technology...

https://www.bitcrypt.co/south-korea-relaxing-cryptocurrency-regulations/

It's great but it's a little bit late, the third biggest exchange of Korea is already closing...

Cryptocurrency exchange Coinnest, once South Koreas third largest, is closing down.
The exchange posted a notice on its website saying that as of Tuesday it is no longer operating, adding that users will need to withdraw any funds held on its platform by April 30. The fees for withdrawals and the minimum threshold have been lowered to assist the process, it said.

While the notice was vague as to the reasons for the closure, a Coinnest official told CoinDesk Korea:

It is a natural result of a decrease in trading volume. Both regulatory issues and business decisions have served as a background for this decision.

https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

They say it's a "natural" result of the decrease of volume. So if it's true, it means Korea is still not coming back in the game despite the increase of price.