Bitcoin: Korea revises, Mexico – introduction

"There are cases when young Koreans, including students, have the opportunity to earn quick and easy money, and then use the virtual currency for illicit activities like drug trafficking or multi-level marketing fraud," he voiced his concern to the Prime Minister of South Korea Lee NAK-Yon (Lee Nak-yeon). Today South Korea is a giant baconboy ecosystems despite the difficult relations of the government and cryptocurrency.

Prime Minister of South Korea is clearly not in awe of the enthusiasm, which is the youngest part of the population against the cryptocurrency. Addressing the Ministry of justice, NAK-Yon expressed his concerns: "It may lead to serious distortions or of social pathological processes, if you leave the issue without attention."

The warnings of the Prime Minister — rightly so. As you know, the Korean market is open to bitcoin, exchanges, South Korea is 20% of all global trading. In South Korea, the cost of bitcoin for the first time exceeded 10 000 USD. At the same time, the government has typically schizophrenic relationship with cryptocurrency — despite the belief in the promise of digital currencies, authorities have recently banned ICO. In this context, the warning of the Prime Minister may be a harbinger of the next steps, which are prepared in the government.

In that time, while South Korea reviewing relevant to bitcoin in other countries, it seems, growing trend towards the adoption of cryptocurrencies. CEO of Bank of Mexico Alan Elizondo (Elizondo Alan) announced that it has amended the annual development of the legislation on financial technology. In fact the proposals Elizondo may legalize bitcoin, allowing the banks to process cryptocurrency transactions. However, talking about bitcoin as a legitimate payment method is still not. In Mexico the digital currency will be treated as "interchangeable digital assets."
the authorship belongs to:Alain Filippenkov | 29 Nov 2017 19:42