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Cryptocurrency Bill Passes the First Phase in South Korea
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Let’s see other places do something similar! Look at one Korea being crypto positive while the other Korea are crypto criminals
A good move for crypto to evolve
South Korea’s crypto bill is one step closer to becoming law, so investors can finally start sleeping soundly at night, knowing that their crypto is safe from fraud and price manipulation.
Regulations are needed so that mass adoption can happen in crypto
It’s good that South Korea is creating a conducive environment for crypto in their country.
This is good, South Korea is important not only economically speaking but also in tech innovation. Could play an important roll in the crypto space, just need to be careful cause are geopolitically close to the neighbors which recently are getting more and more relevance for its hacks.
This is the good kind of regulation to protect investors
It’s so weird in a bear market you see so much bullish news with no reaction in the market at all. In a bull market Elon can just sweet a ‘D’ and will pump billions into the market.
> activities that involve halting withdrawals would have to be reported
This is a big winner. Seems like a proper and reasonable cryptocurrency bill that aims to protect consumers
Damn, Korea is really on the ball when it comes to cryptocurrencies. Good for them.
And oh yeah, fuck the SEC
South Korea is huge in crypto for some reason
North Korea too, but for the wrong reasons lol
Korean will adopt cryptocurrency well. While SEC still finding troubles on crypto….
This is definitely good news
I’m all for it
>The crypto bill makes it compulsory to disclose the investor’s information otherwise fines and strict punishments will be charged
I guess this is something investors need to compromise for adoption in SK
Asia once more showing our Governments in Western Countries how to start getting aboard on Crypto, with proper legislation, transparency and focus in the future.
Good for them.
Understand this guys. This bill is for Centralised institutes that want to participate in cryptocurrency and rely on trust and goodwill of centralised entities including the very enforcing departments of the government. Remember how flawed and how it failed their FIAT economies?
Crypto adopts higher standards than this system of trust. It adopts trustless-ness and verifiability. To 100% evolve from a shitty economic system that trust all participants to stay within set boundaries to an economic system that makes it impossible for participants to go outside of the set boundaries. (Remember that crap “rules for thee, but not for me?” Crypto is aims to make this unjust bullshit outdated and obsolete)
Side note: Reason why I cannot for the love of Crypto understand why security is not an uncompromisable aspect of their network/system development for so many Cryptocurrency projects
love seeing regulation… regulation means institutional money… institutional money means inflated prices…
SK has some solid projects, too
All this news is very positive for the mass adoption of crypto.
Also proof that we are still earlier than most of us think.
Next step, North Korea
others country supporting their investor and ours country is screwing their own investors for tax and other things, good to see they don’t have crypto scum bags like Gary, JP morgan, SEC and so on
Interesting.
EU, south korea.. When USA
Its always good to see a country discussing Cryotocurrency. A step towards mass adoption
Sound like South Korea is about to take a major leap in becoming a Crypto haven