People. Seriously..South Korea is NOT BANNING cryptos! How many times must we go over this? How many weak hands must lose their investment?
Again. This is just the Mainstream media making fake news and fake headlines in order to confuse you. Of course South Korea, where 30% of every ableworking body owns at least one or more crypto currencies is not BANNING Cryptos.
Please, please do research next time something like this happens. Do not sell or let yourself be scared by these tactics. You'll jump from a bridge when you see what kind of future gains you' d miss out on.
Contrary to some reports, South Korea has NOT banned trading; the government is just seeking to prevent the use of anonymous trading accounts and encourage a little more transparency from the exchanges.
This is Bithumbs statement
We were asked by the tax officials to disclose paperwork and things yesterday.
Not very dramatic.
https://bitcoinist.com/fearmongering-msm-gets-wrong-south-korea-not-banning-cryptocurrency-trading/
I'm Korean. And there are FISHY STORIES about the government's speeches. In the morning, the minister of Ministry of Justice, which relates to law and order, had spoken today about cryptocurrencies as a Gamble and the markets have to be closed. Of course there are many panic sells at the market. At the lowest point of KRW/BTC, the minister of Ministry of Strategy and Finance had a speech about the former speech. He said it's very embarrassing and they were about to impose taxes to markets. The bluehouse, where the president works, said "We're not planning the closing of the markets." And KRW/BTC restores 80% of the highest point of yesterday.
And the fishy stories. The government shows suspicious trades at the KRW/BTC lowest point. The biggest market, Upbit, has temporarily goes up the trade limit $100000 to $100000000 by 1000 times. And, at the stock market, the government has bought the Upbit's holding company's stocks.
South Korean Government defines cryptocurrencies as '가상통화' that means 'virtualcurrencies.' And the people ridicules the government as a 'virtualgovernment.' I hate this government.
Thanks for sharing hands on info. Do you have any libertarian movements in Korea? All governments are more or less basically the same. Cryptocurrencies sprung out the anarchocapitalist idea. The founder of Steemit amongst them. Cryptocurrencies places a real threat to governments. If they have to ask for taxes instead of collecting them with violence, that puts them in totally another position where they acctually have to serve the people.
As I know, there's no true libertarian movements in Korea. There are two major parties and two minor parties in the Parliament. The major parties corresponds to the two parties of the US; and the leading party (I don't know the word means the party has the president....) is like Democrats. The Korean names are the same.(민주당) The minor two parties are about to merge together. The smaller parties are parties of bunch of feminists or the extreminists. So sad.
So it's about time to get rid of them :) I heard it's even worse in your neighbouring country to the north.
Yup. Exactly. I hope so too. And the North Korean...hope the Chinese government not to help the North.
Governments around the globa are kind of sitting on their high horse, not understanding what is about to happen. At the time they do, it's going to look like a cat that went into the bathtub. Desperate, and if someone stands in it's way retreating, it could get ugly.
God damn thats juicy info bro. SO they are basically spreading FUD, buying cryptos and then trying to pump it again with "oh..we said wrong. Only a taxation check" ?
This is extremely bullish..
Sounds like government officials to me... guess they are of the same caliber as the ones we have here in the States A?
It's just a suspicion, but very likely story. The minister of MoJ made a lot of money investing some real estates. Check this out: http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=100&oid=005&aid=0001063814
There are some more information with this articles. You will need a translation app.
http://news.naver.com/main/ranking/read.nhn?mid=etc&sid1=111&rankingType=popular_day&oid=469&aid=0000269482&date=20180111&type=1&rankingSeq=6&rankingSectionId=101
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=081&aid=0002884209
http://news.naver.com/main/ranking/read.nhn?mid=etc&sid1=111&rankingType=popular_day&oid=008&aid=0003991749&date=20180111&type=1&rankingSeq=1&rankingSectionId=101
http://gall.dcinside.com/board/view/?id=bitcoins&no=3481340&page=1&exception_mode=recommend
This is some interesting info, thanks! Those are the type of conspiracy things that everybody likes, especially when they turn out to be true ;-)
Oh... South Korea is the country of conspiracy. The biggest and longest (long about 30 years) conspiracy about the former president Park Geun-Hye(박근혜) and her cultist friend came out to be true. And she was impeached last year. I think the successor's conspiracy might be the same as hers.
mmmm when the socialist government of Venezuela makes "opening" to cryptocurrencies, and South Korea closes its own, then something is wrong ...
No intelligent finance minister would initiate a policy that bans crypto currencies as it would immediately damage the economy.
Correct. Cryptos has gone too far, so it's impossible to stop it. Thats the great thing about momentum. And especially in South Korea where 30% owns cryptos. Why the hell would they destroy their own economy? South Koreans are smart people.
And China is only going after miners, not crypto.
Of course, you've got Buffet saying cryptos only have 5 years left.
It will all sort itself out by the end of the month.
I think he is confusing cryptos with himself...
I want to go on the record in saying that I do not believe Old Man Buffet will be sorted out by the end of the month. This is a clarification as to not believing that he will die of either natural or unnatural causes. If this does happen, I also want to say that I am in no way connected to that event.
Even thought they do not ban it, the regulations that governments will try to introduce in crypto will definitively affect markets. Let's see how 2018 goes but I expect a war from governments and banks against the free cryptoworld.
Sad... but probably true.
I wish my government think like yours...:/
All I do is HODL (and BUY MORE!)
Thanks for the info! I think this is a short term dip at worst!
This is the information I have
China News on Mining Companies
The Korean platforms at the Queen's Cap and Microsoft's retreat on the acceptance of the Bitcoin had a negative effect on the market
Yeh i also think so.
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