South Korean government holds emergency meeting to discuss bitcoin
Here we go again another Asian Government whipped into action by its Banksters tries to move against cryptocurrency.
The only result will be a drive of capital out of South Korea like what happened when China tried it. We only need to worry when the G10 all start banding together and even then the capital will move to the nations not part of the G10 that have been shafted by the US Dollar and Euro such as Venezuela and Cyprus when their economies crashed!
https://www.cryptocoinsnews.com/south-korean-government-holds-emergency-meeting-discuss-bitcoin/
Image credit: http://www.logotypes101.com/logo/the-bank-of-korea
Latest Developments:
Translated at CCN, the four leaked regulations expected to be implemented by the end of this year are:
Prevent unaccredited investors from dealing with losses through highly volatile cryptocurrencies.
Prevent strictly regulated cryptocurrency exchanges from operating as speculative platforms for unaccredited investors.
Request banks and exchanges to ensure underaged investors and foreigners cannot open trading accounts on cryptocurrency exchanges.
Temporarily suspend institutional investors and retail investors from investing in cryptocurrencies.
https://www.cryptocoinsnews.com/south-korean-governments-four-bitcoin-and-cryptocurrency-regulations-leaked-optimistic/