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RE: South Korea is NOT banning Bitcoin! ...The rumors are FUD. BTFD and HODL :)

in #bitcoin7 years ago (edited)

It is just a confusion, most probably, justice department released a premature statement and they don't have the proper understanding of it. However, exchanges will be regulated similar to stock market. Therefore, every user will be verified through KYC for taxation and protection from possible money laundering. I wonder how international traders can get access to SK exchanges. There will be some exchanges in some countries where trading with KYC is possible or, it is time Decentralized exchanges.