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Thread: South Korea plans to ban trading Bitcoin

  1. #1
    Squared
    Join Date
    Sep 2013
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    Northern England, UK
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    4,554

    South Korea plans to ban trading Bitcoin

    So as the title says, there is a bit of a crackdown in Asia against crypto currency and South Korea are gearing up to ban trading Bitcoin through exchanges. They are especially looking into them in connection with tax evasion, I believe.

    Thoughts on the decision, or about Bitcoin or other cryotocurrencies more generally?

  2. #2
    Member
    Join Date
    Aug 2016
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    The bar in slaps backyard
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    70
    I can see them banning local exchanges, and blocking various bit coin websites. But if someone can get access, what's stopping them from investing ?

    Transfer your earnings into a dollars account, then back into your local Korean account. Just don't trigger the authorities by doing massive transfers.

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