The finance minister of South Korea has confirmed that the government has no plans of banning cryptocurrency exchanges or trading platforms.
After a couple of weeks og panic, south korean traders square measure currently able to breathe unremarkably once more. The minister of finance stressed these days that the governmen has NO plans of introducing disabling curbs on cryptos. Instead they're that specialize in control the exchanges.
Nothing we have a tendency to did not grasp after all, however it is often nice for the market to induce things from official statements. those that have confidence facts knew right along that no government will or ought to ban cryptos. as a result of it'll continuously backlash. SK ban cryptos? Ok..but Byelorussia reveal. One can lose and therefore the alternative one can win. after all the South Korean government understands this, however many of us within the market square measure stupid and wishes confirmation from governments.
*Besides transfer respite, the comment additionally brings clarity to a barrage of contradicting statements from governing body from multiple ministries World Health Organization have backed or opposed the ban on cryptocurrency exchanges, originally projected by Korea’s Justice Ministry. The social backlash against the projected ban even saw the manager workplace of the President weigh in on the matter, cooling fears of a blanket ban. Korean Peninsula has notably followed China’s example in introducing bans for the cryptocurrency sector, specifically initial coin offerings (ICOs).
https://www.ccn.com/south-korea-no-intention-ban-cryptocurrency-exchanges-finance-minister/
I expect a little bit of lag on this concerning trading and prices..but this is bullish news, and I all in all now, we have a lot of positive news and outlook further ahead.*
South Korea has no intention to ban cryptocurrency exchanges - confirmed by finance minister
*Belarus embracing cryptos
Russian investors buying property in Norway for crypto mining
South korea confirms there will be no ban
Bitfinex Tether could be a threat, but nothing like MT.Gox, because we have so diverse trading now with hundreds of platforms
Just hodl on a little longer..*
