South Korea Going To Block Exchange

[Jeet Narayan 1940]

I know this is bad news but south Korea blocking exchange platforms because these platform are not following their rules. They closing some exchange, not all exchange.

[Romaan1987 601]

That is a very strange news when all world countries or most of the world countries going to accept bitcoins, I dont understand why china and south korea is banning crypto currencies. But i think bitcoin should not be effected by these type of news now.

[Muskan7816 175]

As a country that is prosperous towards economic growth, I think that if it is more of a good news for you, it will be much better for them.

[Mazeda Akter Koly 0]

Now cryptocurrency have some issues and mostly country reject because it is  decentralized based. If user decrease then price decrease and crypto investor take loss. Why south korea to block exchanges what is the reason behind this please help we all wanna know about this factor please help me out 

[Opinder 1310]

On 2/10/2020 at 8:32 PM, rjroshan said:

Bitcoin has to face a lot of difficulties in the past and still not seems to end. The new and latest drama coming from South Korea, They have been announced that there are some possibilities of shutting down all cryptocurrency exchanges. If this happens as they want, How this can be affected by Bitcoin and it's the price.

I do not think this could happen. Many countries are trying to degrade crypto but in the end they start using it. Crypto is inevitable now so do not worry South Korea could not ignore crypto. If you asked what the effect of this news then it would effect btc price in negatively because people would start selling btc for fiat. And btc would fall.

[BitMart 326]

I feel OP need to read all stuff carefully because Korean authorties announces they are going to ban anonymous exchanges and bank accounts because they are feeling its creating problems for them so they are doing some legislation about this but still they are studying all possiblities because they want some very stick and tight policies for cryptocurrency as this will not use for any illegal purpose.

[bentayebsalah 2280]

All of these problems that South Korea creates and Bitcoin is going to end are the real future that all countries must accept and work to adopt.

[ArsalMajeed 178]

Yes its not a shocking news. The experts were already expecting something. Like that. As south Korea I under the US influence so that are doing sobeacue of the pressure by US authorities & the banks that rely on fiat.

[Irungu 4299]

Its true south korea is doing so, and this is after China , through Baidu , has gone cypto in block chain and if you look at it very careful , you will see there is a very huge chance of every   other country accepting this, I think the crypto world will at some point become inevitable and thats why slowly but sure we are accepting this

[Sid 589]

Is that true ? can the OP provide the source of the information? The thing is that the latest news I got was that the South Korean government gave a positive response to the crypto currency.

[guatazoo 7150]

Recently i just heard good news about crypto in korea, now it is this worse already? how would the future of crypto be like, if this continues from country to another.

[Usama Khan 2]

As I would see it, Ethereum and Ether are nearly the equivalent. Numerous individuals are stating that on the off chance that Ethereum is a stage, at that point the ether cash that we got for taking a shot at crypto. Likewise a system is another fuel. In the working environment, it takes two so one can't do the And i know crypto is the best. 

[abdul rind 12]

On 2/10/2020 at 10:02 AM, rjroshan said:

Bitcoin has to face a lot of difficulties in the past and still not seems to end. The new and latest drama coming from South Korea, They have been announced that there are some possibilities of shutting down all cryptocurrency exchanges. If this happens as they want, How this can be affected by Bitcoin and it's the price.

That's strange dear, yah know thing getting change in near future because of this new changing. Let's wait for new change.

[Saikat24 1]

The new and latest drama coming from South Korea, They have been announced that there are some possibilities of shutting down all cryptocurrency exchanges. If this happens as they want, How this can be affected by Bitcoin and it's the price.

[khan22 3478]

But someone told me that the Korea is going to be make his own coin and that coins will be going to much high and that is soon launched in the crypto market and i am waiting for that movement and i hope they are not going to ban it.

[fuer44 1083]

the key is to the user there, and is there a large exchanger or not? if not, it will not have a big effect on bitcoin and it will only affect that country. I don't think p2pb2b is a great exchanger, so there's no need to worry if Korea closes bitcoin.

[miskyming 1588]

Why they do that? Some days ago I've heard they implemented the tax for crypto exchanges in South Korea and now they want to block all crypto exchanges? Can you post the link about that news.

[Abanti Deb 39]

If South Korea's block exchange is going well then it can go to our country, we want blockchains to come to our country well and Crypto can move very fast, we can get closer to it, if we can South Korea.

[Rstunirk 151]

How many replace has been chop in korea, its by now lingering overdue and the time is developed for korean administration to rung up their game and found modifiable these switch over to guarantee no new hacking will occurs.

 

[Abanti Deb 39]

Yes, I also heard that South Korea or the new exchange site is inspiring, so I am really glad to hear that, like South Korea, we want a new exchange to work well in our country.

[Ahillya 62]

On 2/10/2020 at 8:32 PM, rjroshan said:

Bitcoin has to face a lot of difficulties in the past and still not seems to end. The new and latest drama coming from South Korea, They have been announced that there are some possibilities of shutting down all cryptocurrency exchanges. If this happens as they want, How this can be affected by Bitcoin and it's the price.

I don't think so this shall happen because most of the Korean users are still actively involved in the process of virtual coins and then the exchange will make their life much better since it's required to make deposit & withdrawal quick

.

[akmal1984 103]

On 2/10/2020 at 10:02 PM, rjroshan said:

Bitcoin has to face a lot of difficulties in the past and still not seems to end. The new and latest drama coming from South Korea, They have been announced that there are some possibilities of shutting down all cryptocurrency exchanges. If this happens as they want, How this can be affected by Bitcoin and it's the price.

Certainly when they do that bitcoin prices will go back down. However, I suspect this is done only as a tool to make the price drop slightly. the same as negative news which is often made by China

[guatazoo 7150]

56 minutes ago, babakashi2020 said:

 Think would really affect the price of bitcoin big time. But I would love to know their reasons to be resolving on a decision like this.

It will affect the price, but not big time, bitcoin has the haling which is going to cover this loss few weeks after.

[BTC Future 3946]

I've read some reports of exchanges being in danger, but from the looks of it, this only concerns small exchanges that have low volumes. They want to regulate exchanges because they fear criminal cases and hacks that might damage the reputation of the whole country. Also it looks that the South Korean governement does not like crypto too much. I think that they should have instead promoted and regulated crypto adoption exactly just as Japan did.

[doriahailee 643]

Wow, What's wrong? It's this effect from last hacked exchange news before or maybe some money laundry? If this true i think this was bad news for cryptocurrency market and will affect the currenct market condition, I hope they will cancel it.