Meet another favorable advance in the cryptographic world

antonioprado (5)in #bitcoin • 6 years ago

The latest developments in India left us with a bittersweet taste, the fact that governments could be affected by intransigence of the cryptographic platforms and the income of many of those who bet on the Blockchain world is not encouraging, but nevertheless the Emeeseese Team today we will be participants in a favorable advance for virtual currency exchange platforms.

But! This time, who is the protagonist country?

Mentioning the country's protagonist today represents a double good news, especially because of the position that this country has had with respect to the strict measures and hence the regulations that have led to the fall of the value of cryptocurrencies in it.

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If you have not yet taken into account the geographical dimension of this post, we will give you a clue: most cars in this country have three colors that indicate the job that their owners occupy, for this reason we can find colored cars white, gray or black.

How we know that this fact caused you curiosity, here are more details about this: the inhabitants with normal employee positions must choose a white car, those with intermediate positions must purchase a gray car, and the cars of Black color are only left for people who occupy positions of boss. fuente

More intrigued? Well! we talk to you about South Korea; D

Likewise, several critics of the Blockchain consider that the drops in the price of cryptocurrencies despite the measures and regulations made in this unique country, can be due to two causes:

The mass sale of cryptocurrencies by inexperienced investors, this moved by the "fear" of losing the amount invested in their assets.

The most expert investors take advantage of the drop in the prices of the currency to generate stop-loss orders1.

1 stop-loss orders: it is a sale order that will only be executed if the price falls sufficiently to cause your maximum allowable loss, this with the intention of controlling the risk in your stock operations. fuente

Understanding the good news of South Korea

Knowing the characteristics not only in its vehicle organization but also in the position it has maintained with respect to the world of cryptocurrency, South Korea has begun to recognize exchanges in cryptocurrencies as regulated banks.

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Extracting textual words from the Bitcoin Journal, we have:

"For the first time in history, the government of South Korea has officially recognized exchanges of cryptocurrencies as financial institutions and regulated digital banks." fuente

This means that by giving it the position of "regulated banks" the platforms will have the support of local authorities to carry out digital negotiations on a larger scale.

As you can see, this new measure brings hope for the Blockchain world, since we are witnessing that countries that initially took a restricted position are now opening to:

the realization of regulated financial businesses,
the creation of industries that will support the work of the platforms and with it the negotiation of digital currencies. fuente

But ..... we should consider that

These changes will mean the establishment of stricter measures for regularized compliance, so we must not take as a negative point the changes in the policies, since the intention is to create the path through which vehicles and pedestrians of the cryptographic world will transit.

Being the vehicles the digital platforms and the pedestrians each one of the investors that make life in them: D

Once the measures decided by the government of South Korea and that are focused on legitimizing the sector of digital currencies are clarified and put into practice, analysts point out that the environment for both large institutional investors and retailers will be solvent, sustainable and strong. , since the figure of the cryptocurrency will be given weight and value as emerging assets.

In another sense, a cryptographic market that has support, regulation and approval from the government will bring peace of mind to all the parties involved and thereby minimize the risks of catastrophic falls in the value of the crypts precisely because of the scares or rumors that do so much damage to virtual currencies.

Well friends, we hope you enjoyed the good news, remember that times of change are good because they allow us to grow, seek new opportunities but never stagnate. The world of the Blockchain is just beginning, so put on your seat belt and enjoy the trip.