Posted on 02/22/2018 5:55:51 AM PST by C19fan
Days after South Korea’s chief proponent of regulating cryptocurrency, Jung Ki-joon, was found mysteriously dead in his home, South Korea apparently has decided not to crack down further on trading in bitcoin and other cybercurrencies. On Tuesday, Choe Heung-ski, chief of South Korea’s Finance Supervisory Service, told reporters that the government would support cryptocurrency trading rather than heavily regulating it or banning it completely.
(Excerpt) Read more at thedailybeast.com ...
connected Korean guys may have been not happy with this policy.
The only attraction of cryptcurrency is the supposed anonymity of transactions. Take that away, and you take away the purpose of cryptocurrency.
There’s a lot of money to be made in this $hit. (It’s not a f*cking currency!!) Stop calling it a currency!
Is it being traded for goods and services?
One local Thai restaurant accepts Bitcoin.
It was a while before everyone was comfortable accepting bits of paper in lieu of gold, silver, and bronze coins...
AFAIK the anonymity is limited. The true purpose of cryptocurrency is a form of money whose scarcity cannot be destroyed by any government.
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