South Korea is closer to banning Bitcoin and cryptocurrency profits now than ever before, however most likely what will result is two things: Taxation on crypto profits and the banning of ICOs. Anybody working for banks and financial institutions will be banned from trading Bitcoin and altcoins. Foreigners and minors also will be banned.
Links:
http://www.zdnet.com/article/south-korea-to-tax-bitcoin-profits-ban-foreigners-from-trading/
https://economictimes.indiatimes.com/news/international/business/south-korea-bans-its-banks-from-dealing-in-bitcoin/articleshow/62052999.cms
http://fortune.com/2017/12/12/south-korea-cyptocurrency-trading/
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Bitcoin south korea ico ban
The payments are insane :D
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I believe you mate My last posts have been going full out. Hey by the way do you care about child protective services (CPS) stealing children, I post about the issue on Steemit and I think it would be a great video topic for AVI. Join @familyprotection if you wish to post about the problem, as it is sadly a big one...
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Good Topic.
Thanks for share this information.
@avilsd
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Nice post!
I've just wrote about the similar topic :)
check this — https://steemit.com/life/@jackal/the-banks-of-japan-and-south-korea-will-test-the-system-of-cross-border-payments-based-on-the-blockbuster-ripple
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china did and it didnt have any lasting effects so i think there will be no impact felt if they do
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nice post
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Surely the next small thing like this will burst the bitcoin bubble. I don't know much about crypto but the people looking to make money fast are gonna be out in an instant at the first major price drop.
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