Important steps to legalize cryptocurrencies in East Asian countries

[Dark_Sky 8489]

On 1/14/2020 at 7:03 PM, Satishmolankar said:

It is very important to steps to legalized crypto currency because one time world will use this currency and many countries are taking steps also to legalise the crypto currency works also

That's right so cryptocurrency can support and help those people who needs financial especially the third and fourth world countries. 

[CryptoMaxim 3829]

On 14.01.2020 at 13:18, Great Commander said:

South Korea would be the starting countries alongside with China to fully regulate the usage of bitcoin and give importance to it that could bring the economy even higher. 

This will probably be used by many users of the crypto world and thus the country will have additional income. But it will also depend to some extent on the cryptocurrency.

[Mishu1234 101]

In Asia it will be easy to adopt crypto currencies and for that  the government have to take step about this and should start the cryoto currencies  

[Treat1234 0]

I think it is a good suggestion to the was Asian countries, they will be free from scam projects, as scam projects will be easily identified if the regulation is out in order

[Upright 2688]

Asian countries really look eager on the mergence of Crypto into their society and also on financial fundings and systems, as we know of China, then Korea again, it's looks good

[AmjadBydn 0]

I think it's still hard to legalize the cryptocurrency in east Asian ! because people there don't know much about cryptocurrency world ! so I think it's very hard to legalize something not know so much 

[Lover840 0]

On 1/14/2020 at 1:18 PM, Qasem111 said:

The Fourth Industrial Revolution Committee at the Presidential Palace in South Korea recommended that the Korean government allow financial institutions the right to launch investment products that rely on cryptocurrency, including bitcoin derivatives.

The committee recommends that "the financial sector develop and encourage custodianship solutions in South Korea to avoid relying only on foreign custodianship rights to process cryptocurrency assets" and that bitcoin be listed directly on the Korea Exchange [KRX] in South Korea.

The following sentences are the most promising:

Geleneksel's traditional players in the capital market, such as securities firms and banks, must develop and promote local collateral solutions to deal with cryptocurrency assets. Therefore, South Korea should not rely on foreign countries for the coded asset storage market. The Korean government should allow institutional investors to gradually deal with cryptocurrency assets and encourage OTC schedules for institutional investors ’transactions. "

The European Commission also recommended that the South Korean government follow the steps of US and Swiss financial officials and consider providing licenses and guidelines for integrating crypto-related products into South Korea's financial system for cryptocurrency exchange

Last week, the South Korean government stated that it had decided not to impose taxes on digital asset transaction revenue to ease the chaos in the country's cryptocurrency tax.

However, the Korean government is reviewing international trends to properly integrate digital currencies into existing tax laws

Many countries in Asia have already legalized the crypto currency. And i believe that crypto currency will be more developed in Asia. Trust me sooner or later everyone will accept cryptocurrency 🙂

[Thekingcallme 1975]

Such steps are created in such countries as South Korea in order to control and control cryptocurrencies and things do not get out of their control

[BrolySSJ 7899]

Asia is the best place for new technologies to develop and become adapted, and i think that with Asia being open to the idea of crypto and many countries accepting it into their financial infrastructure, that this could result in a ripple effect, whereby the use of crypto then becomes promoted in the rest of the world through its use in Asia. I am hoping that more countries adopt the use of crypto as well.

[Rezort 846]

It is important for at least 5 big countries legalize cryptocurrencies because it will create a global trend for countries to figure out advantages of legalizing crypto and they will do it.

[Captain Karim 0]

It is difficult to impose taxes on cryptocurrencies, because they can be used anonymously, even if governments impose taxes, certainly many investors will avoid paying these taxes.

[Ridam 7455]

As the good countries good in technology are accepting Crypto and its good sign that sub-indo countries would also accept it like them. And if asian countries would accept the Crypto currency as legal assest the growth in Crypto field will be massive.

[SuperCrypto 7193]

South Korean officials are considering reviewing the current regulatory frameworks related to the field of digital currencies as the country must re-evaluate the policies of electronic currencies, in order to facilitate the growth and maturity of the cryptocurrency market.

[Zaino34 0]

We know that many countries in Asia are gradually adopting cryptography, and the fact is this is good news, and so many countries have started to establish their own digital currency, which is good for cryptography.

[Honny143 13612]

On 1/14/2020 at 4:33 PM, Satishmolankar said:

It is very important to steps to legalized crypto currency because one time world will use this currency and many countries are taking steps also to legalise the crypto currency works also

Yes you are right bro once people know the benefits of crypto currency, and they spread crypto so many countries, and its really good step taken by Korean government because most of Asian countries use crypto and they active in starring stage of crypto currencies.

[Nezar 7169]

These conferences are always held in Korea to discuss about blockchain technology and cryptocurrency. As for my country, none of these conferences is held because mini-currencies and the field of encryption are not allowed in my country.

[Shaza Ahmad 1682]

This is puzzling. A little while ago I read an article talking about South Korea intending to impose taxes on the crypto market. Now I read the opposite. Well, can anyone explain the position of South Korea correctly?

[Jeet Narayan 1940]

East Asian country like south Korea, china are making laws regarding crypto and it's use case . They are making Crypto modalities on Crypto currency . That is very positive news .

[George10 9932]

Asian countries have continued to do well in promoting this blockchain technology and I'm hoping that other countries will copy from them.

[Zues 1069]

On 4/24/2020 at 6:27 PM, Honny143 said:

Yes you are right bro once people know the benefits of crypto currency, and they spread crypto so many countries, and its really good step taken by Korean government because most of Asian countries use crypto and they active in starring stage of crypto currencies.

I think that it is true and they must follow a set of rules so that they will be allowed to implement cryptocurrency with their country and I hope that they will achieve their cryptocurrencies and I think that they should be followed so that they will have cryptocurrency. 

[Ayush Singh 1175]

I also want that there should be some way or strategy to work on for regulating the Cryptocurrencies in asian countries so that the countries economy would also be in a safe hand and Cryptocurrencies could also step in the countries to boost up economy. 

[Laboni 755]

You are right that East Asian countries are taking such steps to improve their economies. Their country's economy has been hampered by the virus. If the government of the East Asian country supports Bitcoin, then crypto will become popular in that country and will get legitimacy.

[Treat1234 0]

4 hours ago, Jeet Narayan said:

East Asian country like south Korea, china are making laws regarding crypto and it's use case . They are making Crypto modalities on Crypto currency . That is very positive news .

We don't need any steps for now, some of the governments are trying to used the blockchain or creating their own coin for their citizens, I think they are far beyond others countries and they will be successfully soon

[Mcd0d0 5882]

On 1/14/2020 at 4:17 PM, bliznec said:

Various forums are held in Korea, and there is talk about the blockchain.

Well as far as i know, korea is the one of the country which is always updated when it comes to technology and this country is the one of the foundation of smartphones like samsung etc. And when it talks about to blockchain, they will also updated and also active here so that some of people there are now using cryptocurrencies used as a payment methods.

[bliznec 22267]

4 minutes ago, Mcd0d0 said:

Well as far as i know, korea is the one of the country which is always updated when it comes to technology and this country is the one of the foundation of smartphones like samsung etc. And when it talks about to blockchain, they will also updated and also active here so that some of people there are now using cryptocurrencies used as a payment methods.

Korea thrives on the blockchain and it pleases. Korea, China can boast of their attitude towards the blockchain. The main thing is that in Korea, they introduce blockchain technologies, which takes time and money. The Korean government will support the blockchain, and I think this is to be expected.