South Korea’s Regulators Aim to Increase Bitcoin Trading SupervisionsteemCreated with Sketch.

in cryptocurrency •  7 years ago 

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South Korea has quickly become one of the central countries associated with Bitcoin trading. Various South Korean exchanges are thriving as we speak. While this ecosystem is booming, the nation’s regulators are trying to assert control.

More specifically, following a meeting with the International Monetary Fund, the South Korean government plans to increase its supervision of cryptocurrency transactions. This is all part of a major financial reform package affecting the country in the years to come.

No one can deny South Korea has become an integral part of all Bitcoin trading activity as of late. Bithumb, Coinone, and Korbit are very popular exchanges when it comes to cryptocurrency.

However, the country’s government is in the process of introducing nationwide financial reforms. After sitting down with the IMF to discuss opportunities and a plan of action, it appears the government’s next goal is to supervise cryptocurrency-related activities in the country.

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thanks for share @unbeaten

is there any exchange for Fiat pairs

Which country are you in?

Pakistan

Which country are you in?

Governments all over are looking for ways to monitor cryptocurrency's. They all want to collect their tax and it starts with knowing who owns what. KYC (Know Your Customer) and policies like it are trying to do away with crypto users anonymity/privacy. If you want to stay anonymous, you will have to avoid centralized exchanges and get your crypto locally.

Well well !

Daa!
Hey there ! Someone is pointing a nuclear missle at you ! Let me think 🤔

1- put my money under pillow and take my bed to the airport then leave!
2- turn my money and assets into gold and make an golden ironman custom and fly out of the country!
3- they say there’s something called crypto currency ! I can turn and transfer my money without any Arse lo*** questioning me or any delay ! Also it’s a good investment!

Of course anyone with their right mind would do that ! AGAIN DAA!!!

Well well !

Daa!
Hey there ! Someone is pointing a nuclear missle at you ! Let me think 🤔

1- put my money under pillow and take my bed to the airport then leave!
2- turn my money and assets into gold and make an golden ironman custom and fly out of the country!
3- they say there’s something called crypto currency ! I can turn and transfer my money without any Arse lo*** questioning me or any delay ! Also it’s a good investment!

Of course anyone with their right mind would do that ! AGAIN DAA!!!

Governments all over are looking for ways to monitor cryptocurrency's. They all want to collect their tax and it starts with knowing who owns what. KYC (Know Your Customer) and policies like it are trying to do away with crypto users anonymity/privacy. If you want to stay anonymous, you will have to avoid centralized exchanges and get your crypto locally.