South Korea Going To Block Exchange

[percare 3192]

52 minutes ago, Nairobis5 said:

I did not know that this exchange site was closed in Korea, I think that Korea will accept cryptocurrency .If this happens, this will definitely affect the price of Bitcoins as demand falters.Prices could be dump but there is no need to worry as people or users of crypto world now become stronger .

This was fake report and nothing as that happened. There are some times fake news appear to create terms for prices to go down and investors sell with panic when whales buy lower. This is waht happened with this news.

[bogdanoff 3173]

This didn't happen and Korean exchange never shut down and was not going to be like that because korea is a big market for cryptocurrencies and a government taking a measure as that would be considered very resticrive if they did and become unpopular.

[Sarahden111 1231]

I do not think that they will take this step as long as they can make profits for the state treasury by imposing taxes on these platforms and their traders. Because by closing the local trading platforms, a lot will go to other trading platforms, thus losing a potential source of income from them, and as we all know cryptocurrencies are not limited to a place, grouping or group.

[Cryptomint 433]

I don't think so because bitcoin has a great potential and this only one country can not effect on the Crypto currencies world.

[freelancer2097 71]

On 2/10/2020 at 6:32 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.

nothing new. my country government blocked almost every online exchange like binance, coinex and ... for know only best available exchange is yobit. bte blocking exchanges with countries like S.korea has a negative impact for sure.

[UNFAIRR 47]

Yes, the world of cryptocurrencies has had a bigger impact, and perhaps the price will fall, this will be reflected if the South Koreans block the exchange and then the South Koreans sell all their bitcoins.

[Michael0606 861]

There are several countries that are blocking cryptocurrencies, but they are in that fight to include this economic evolution, since the potential that Bitcoin and the others have coins, they are worth it, I hope the inclusion that cryptocurrencies has had worldwide continues to grow.

[guatazoo 7150]

On 3/10/2020 at 11:57 AM, Lubruselu said:

I don't think if there have any reality on this news, because south Korea is the country that's are the one who support bitcoin and other crypto's as well, so how can they shut down the exchange?

The country to be supporting cryptocurrencies that's doesn't means if they cannot block the exchanges, maybe the exchange couldn't following the country regulations. 

[yonkii 3205]

Oh no! Lucky this post is from last year otherwise it might have caused panic and people could sell their Bitcoin for this reason. It is frightening to see news like these and I hope that South Koreans will keep the exchanges up and running.

[kryptonick 2659]

It happened that they didn't ban exchanges and there was a lot of FUD used by whales to drop prices and buy lower. This wasn't happening in Korea and these news were fake and this guy reproduces these fake news with one year delay.

[khan22 3478]

South Korea is a good and strong country in the business and i hope that they are not ban the crypto market in the future and not now becasue this is going to be legal in all over the world. Crypto is the best market in the world.

[makcim4 1305]

On 10.02.2020 at 18:35, Beeba said:

Да, мир криптовалюты затронул больше, и, возможно, цена упадет. Теперь у криптовалюты есть некоторые проблемы, и в основном страна отвергает, потому что она децентрализована. Если пользователь уменьшается, то цена падает, и криптоинвестор несет убытки.

Криптовалюта работает от имени пользователя.

But dear, you will agree that cryptocurrency gives a person the right and this is the right to choose. And the right to choose is freedom!

On 14.02.2020 at 19:20, akmal1984 said:

Конечно, когда они это сделают, цены на биткойны снова упадут. Однако я подозреваю, что это делается только для того, чтобы немного снизить цену. то же самое, что и негативные новости, которые часто делает Китай

Yes, politicians do not like the decentralization of bitcoin and in different countries they are trying to curb its rapid growth with tough measures.

[Sykkuno 2887]

South Korea is very interested in cryptocurrencies and the country regulated and legalized them but they taxed them too at 20%. They were never planning to ban the crypto exchanges and some of them are very big and top exchanges that are similar to coinbase and binance.

[cryptovlek 2597]

Lol. South Korea is not going to block any exchange this was some FUD created by some whales that wanted the price to drop lower and buy even more. It is very bad reproduce something without making research first and have a reference, you didn't even have a link from your source.

[Fixfin 2569]

South Korea has decided that crypto currencies are not blocked and they did a few raids in exchanges that faked volumes so it wasn't completely false this report but next time give some links and not just spread fear about the markets.