Southkorea's tough stance on cryptocurrencies
Southkorea's tough stance on cryptocurrencies Bitcoin has droped more than 60% from its January high and many regulators in korea are taking steps forward to restrict crpto trading and are mulling the thought of banning the currency from the nation The country is making a push by policy makers to rein in the frenzy of digital currencys or “crypto currencies” over concerns over excessive speculation of moneylaundering, tax evasion, fraud and more. “they say they are fed up” Would you agree its just because they are not profiting off of it? How would we change their stance? Non-Korean nationals, both resident and non-resident, will not be allowed to deposit KRW at any domestic cryptocurrency exchanges when the new KRW deposit method is implemented. In order to comply with the identification and anti-money laundering regulations being enforced by the government, the current KRW deposit method will be terminated by the end of January 2018.” The tightening...