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RE: Relief! Korean Banks to Issue New Cryptocurrency Trading Accounts; Anonymous Trading Ban on Jan 30

in #news7 years ago

I think that this could be really good news for the rest of the crypto community. Yes it may reduce the overall volume of trade in South Korea, which could have an impact on the over-all market cap but it should help towards instilling some level stability (OK stability in an extremely volatile landscape....but you know what I mean). I also think that this is a model, or an example of a model that may be replicated in other places e.g. India, and hopefully thereby increase the possibility of a more steady market. I also read, but am not sure where so maybe check this out, that they are going to be instituting a corporate tax for the exchanges and a personal tax of some form for individual investors. Thanks for posting the article. Cheers J