Date: January 17th, 2018 9:55 PM Author: marvelous indigo stag film striped hyena
tbf korea actually does have a problem. there is like 10B USD of won being traded against crypto every day--the fucking NYSE does something like 50B, and that's in a country with >6x the population and a bunch of fintech bots doing picosecond-level stock trades.
Date: January 17th, 2018 10:06 PM Author: Aqua Razzle-dazzle Sandwich Alpha
That is one of the dumbest “articles” I have ever seen. It’s two paragraphs of a narrative that is so fuckin played out at this point. Literally tho - this has been said 4 different ways by 4 different “news” organizations. The truth, which is rarely emphasized, yet alone even mentioned, is the s. Korean legislative and executive branches’ staunch support of crypto currency trading and legal, compliant exchanges that generate enormous tax revenue.
I can’t decide if it’s clickbait ratings material or if it’s a purely financial motif by the mass media conglomerates that run these stories to crash crypto so they can buy low.
Date: January 17th, 2018 10:16 PM Author: Aqua Razzle-dazzle Sandwich Alpha
You may be right but here’s the main point. Increased regulation is coming for all crypto from all governments. If Korea bans exchanges or Foreign investment, which I don’t think will happen, then they’re fucking themselves as a new kucoin clone will open up in Cayman or wherever to scoop up all the trade volume and tax revenue in the billions would be lost.
Date: January 17th, 2018 10:25 PM Author: Arrogant bbw people who are hurt
This news has been priced in since last night. China and south Korea can ban bit coin as many times as they want. Until another major player makes this empty threat it's meaningless. May as well ban marijuana
Date: January 17th, 2018 11:27 PM Author: razzle rambunctious market
This is old news.
It was reported days ago that SK is considering banning all exchanges. There is an internal rift within the government on whether this stuff should be banned or not. They explicitly said that they will conduct further talks and then decide.
So banning remains a possibility. There are some who claim fake news on the basis of twitter “insiders” talking out of their ass, but that’s just an example of wanting to cling to wishful thinking.