The Inception of Cryptocurrency and the Solutions in Your Hands

South Korea has really taken a tough stance when it comes to “negative cases of using cryptotermine,” despite the widespread trade in trafficking among the general population of South Korea. “There are cases when young Koreans, including students, jump up to make quick money and virtual currencies are used in illegal activities such as drug trafficking or multi-level marketing for fraud. This can lead to serious distortions or social pathological phenomena if left unattended. ”

The South Korean Options

Such strong rhetoric went hand in hand with the regulatory steps taken by the South Korean government, and threatened to take them – in previous and subsequent months, including the September ICO ban and the January ban on anonymous cryptography. However, he stopped banning trade altogether, and President Luna Jae-v also announced in January that, at least in the short term, there would not be a total ban. As they know How To Trade Cryptocurrencies they take care of the whole process perfectly now.

  • This confirmation of “no prohibition” shows how governments, made and continue to do, relate to crypto-fibers. This is most obvious with Japanese Prime MinisterShinzo Abe, who in March 2014 a month after the mountain. The shameful collapse of Goxpublished a document that states the government’s position that bitcoin is not a currency. He said that as part of the decision that prohibited Japanese banks from offering accounts in Bitcoin, and also prohibited broker activity Bitcoin:
  • “Bitcoin is neither Japanese nor foreign currency, and its trade is different from transactions stated instruments and the exchange act.

However, since the emerging crypto industry has recovered from the mountain. Gox and since Japan became the second largest crypto market in the world. The position of Abe and the Japanese government gradually softened. In May 2016, he finally recognized cryptocurrency currencies as money, which allowed local banks to deal with them and allowed crypto-exchange to work within a regulated structure. Since then, the country’s consistent approach to officially recognizing crypto-conversions has in some way become close to the normative orientation of most western countries, although in the case of Japan, regulation is more focused on supporting, bringing up the end of the spectrum.

Putin: Will they be here or not?

Returning to Europe, Russian President Vladimir Putin is related to a crypt that is more or less as ambiguous as Donald Trump. However, in the case of Putin, this ambiguity arises not because of unwillingness to talk about cryptoconversion and the block chain, but from its opposite. Back in July 2017 at the G20 summit, he did what could be considered his first comment on cryptotechnology:

“The transition of the world economy to a new industrial order is supported by the development of digital technologies. We believe that the G-20 can take the lead in shaping international norms in this area. ”

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