Since it was first introduced in 2009, bitcoin has continued to grow into a digital asset. Bitcoin which was initially widely opposed, now many countries are starting to open up opportunities for cryptocurrencies to grow. Of course, by starting to finalize various regulations to ensure the safety of the parties involved.
The attitude of each country in responding to the presence of cryptocurrencies is still diverse. Switzerland in February, openly accepted crypto as a means of payment. However, there are also countries that are still working on the rules for the development of the crypto industry.
South Korean regulator Financial Services Commission (FSC) chairman Eun Sung-soo has warned that all cryptocurrency exchanges in the country could be shut down. He said South Korea currently has around 200 cryptocurrency exchange platforms.
Eun explained that cryptocurrency exchanges must be registered with the FSC, under the revised Special Funds Act.
un asserted, cryptocurrency is not a currency. The South Korean government, he continued, has repeatedly warned investors that the price volatility that often occurs in the crypto world can be dangerous for investors.
However, on the other hand, Eun revealed, investors can also benefit from investing in cryptocurrencies. The plan is that the government will also impose a 20 percent tax from February next year.
Meanwhile, India does not close all options in terms of cryptocurrencies, including the use of blockchain technology. This was conveyed by Indian Finance Minister Nirmala Sitharaman last month.
Shitaraman said people would be given adequate places to experiment with blockchain, bitcoin and other cryptocurrencies. According to him, the Government of India is currently preparing the cabinet notes.
The plan is that the Government of India will allow a number of places for people to experiment on blockchain and bitcoin. However, Shitaraman revealed, what kind of formulation for the development of cryptocurrencies is still in the brewing stage.
https://www.republika.co.id/berita/qspwy1368/tarik-ulur-regulasi-kripto-di-berbagai-negaraSo, I don't think this is the end of cryptocurrencies.
regulations made in a number of different countries.