According to the commission, as of May 2019 the daily trade of crypto assets reached more than 80 trillion won of around US $ 959.1 trillion. This amount is large enough that it is no longer possible to stop trading in crypto assets in this country.
80 Trillion WON would be 6.72 Billion USD on today's rate of 1 USD = 1190 WON,
Not 959 trillion. How could that even be a typo..lol..
Please note that Bitcoin is legal in several Asian countries, including Japan, India, Indonesia, Vietnam, Singapore and Thailand.
Supreme Court of India quashed the directive from central bank which had banned banks from providing fiat liquidity to business entities dealing in crypto. This led to flow being limited to p2p buying and selling. This says nothing about the legality though or what may happen in the future. The legislation from South Korea is a central assembly legislation while the Indian lawmakers were until recently sitting on a bill to ban cryptocurrencies.
Its our hope that after this supreme court decision, these idiots will step back and rethink legislation in line with Korea. Thanks to Korea for leading the way.