Korean Court Rules that Bitcoin CANNOT be Confiscated!

in korea •  7 years ago 


Here is the link. The South Korean court ruled that, "It is not appropriate to confiscate bitcoins because they are in the form of electronic files without physical entities, unlike cash…Virtual currency can not assume an objective standard value." This is great news for individuals currently invested in Bitcoin and leads me to believe that a lot of Bitcoin exchanges, companies, etc. will be based in South Korea due to "protection" offered by the government. If y'all want more information be sure to read the article and stay updated!

-OG

korea court bitcoin
7 years ago by

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      ·  7 years ago 

    Bitcoin is still not legalised in South Korea but this is a step in the right direction.

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        ·  7 years ago 

      You are totally right! Progress is progress in my book :)

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