South Korea to close virtual currency exchanges

Governments don't want the poor people to become rich. Simple as that.

so what?

this too shall pass

it's only natural for governments to want to get their share of free money out of people. government and crypto are totally incompatible as the later seeks total independence from the first "regulation" doesn't make any fucking sense as it throws by the window the sole purpose of the cryto making them useless and bank to the shitty banking system. I thnk exchanges are going to have to go under to the DEEP WEB to thrive

"Gambling problem." So code words for some idiot lost a ton of money and complained to the government. Apparently people can't be responsible for their own decisions.

Then again seeing as CMC pretty much kicked out the Koreans will this even change much? They'll just go through other exchanges. We might be able to make some money off this.

Translate this one story created today;
news.sbs.co.kr/news/endPage.do?news_id=N1004568264&oaid=N1004568810&plink=REL&cooper=SBSNEWSEND

"the last two betting game that swept the nation's mid-cloth 'Sea Story'. We have created more than one million victims with sadness and addiction.

The description of the virtual currency closure bill of the Ministry of Justice obtained by SBS departs from this sea story.

The Justice Department sees the virtual currency speculation craze will have a national impact that is more than 10 times the story of the sea. "

The banks are feeling the heat of cryptos and are beginning to squirm. These efforts are too little too late.

>this is 2 months old ya fuckin doofus

Do you mean breaking news?

>Stop making money you fucking serfs
>WE ARE THE NOBILITY HERE

>implying "No ICO" "Land of the Free" is any better

Nanny state with a shadow government that refuses to let go of its power.

I think Korea has bigger issues.

>cmc removes korean exchanges
>korea bans exchanges afterwards

Jesus fucking Christ. Dude wtf that's some tinfoil shit

>was going to buy 50k worth of ICX during its ICO
>couldn't
Never going to not be pissed about that. Could have an extra 5 million.

What about cobinhood?

WHAT THE ACTUAL FUCK IS WRONG WITH THIS COUNTRY

FUCKING GOOKS ILL KILL THOSE MOTHERFUCKERS

CMC was trying to lessen the impact of the news. Based

Good thing the rest of the world only listens to the white man and not these slant eye puppy eaters

TRUMP NUKE THOSE FUCKS

THOSE GODDAMN DOG EATING SAVAGES, IM GOING TO RIP THEIR FUCKING HEADS OFF!!!!

>beatcoin

Funny timing

Kill them i dont even fucking see the issue anymore.

Our only hope now is for our Great Leader to set up a new cryptocurrency exchange in North Korea. All the money will then flow from south korea to north korea, and the south korean puppet state finally collapse

calm down Mark Wahlberg

Kucoin??

So are they just banning anonymous crypto trading or the whole fucking thing?

I'm sure they had some insider info. Korean exchanges were being questioned by tax authorities last week.

Cobinhood wasn't mentioned but I imagine this will impact all SK exchanges

>"Virtual currency trading is in fact similar to speculative gambling," he said. "When you look at price fluctuations, it's a whole different dimension compared to any commodity trading."
who the fuck cares fucking retarded piece of shit chink? I can do with my money whatever I want... holy fuck I hate these retarded clowns.
They're just jelly, fucking salty nocoiners.

I'm not selling anything, they probably won't ban, and are trying to cause panic.

U.N imposes increased economical sanctions
North Korea and South Korea have entered talks
South Korea bans exchanges
North Korea becomes haven for crypto
We all fund North Korea's nuclear program via crypto fees

All hail the glorious leader Kim

this is an organized FUD, and isnt even news. This story is at least two months old, and they're only "suggesting" banning anonymous trading, not all trading.

user I'm sorry but I think we're fucked

cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

Our only hope now is for our Great Leader to set up a new cryptocurrency exchange in North Korea. All the money will then flow from south korea to north korea, and the south korean puppet state finally collapse...

this, they want us to become cattle, a commodity.

Shuffle into the train cattle

cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

The ruling aristocracy can not allow us lowly plebs to challenge their dominance.

twitter.com/iamjosephyoung/status/951300898571018241

Don't panic. The South Korean government has been preparing a #cryptocurrency exchange closure bill since December 13, to shut down any exchange that is not compliant with regulations.

The gov't already said it intends to regulate / foster the market.

Let's hope he nukes south korea before they can ban crypto

what is the world coming to...

REEEEEEE FUCKING GOOKS

Kek

this is targeted for weak handed burger normies . look at the fucking time in burgerland and gookland.These fuckers are as smart as jews.

Well, I sold low, bought high like a retard on the bull trap and now I'm getting fully JUST'd. Lost all the fiat I put into this tonight in a flash. I can't sell at this point but I think I'm done with crypto and Veeky Forums for awhile. A normie down. Gonna just try to take my mind off this shit.

I'm just lucky I only have a few grand in this. Feel bad for those losing tons of money. Goodnight boys.

SORRY FAGGOTS POOLS CLOSED DUE TO AIDS HEY CHAD HE THOUGHT HIS MONOPOLY MONEY WAS REAL HAHAHAHHAHA user YOURE SO FUNNY

It doesn't seem unusual to me that if you live in a country where you are arbitrarily paying 10% more for crypto SOMEBODY is ripping you and your countrymen off and maybe they need to get nailed for it

NO, that is not what is reported:
""There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges," Park Sang-ki said at a press conference, according to the ministry's press office.

All you had to do was wait

EVERY TIME I REFRESH DELTA I'M LOSING LIKE 1000 DOLLARS WHAT THE FUCK IS HAPPENING

Wrong place wrong time. Just happened to be looking at the chart and reading the FUD at the same time instead of doing something else.

Like I said, I don't have a ton of money in this so its ok. Didn't invest more than I could afford to lose, but I made a dumb move and now I want to kms.

NUKECOIN

you and me both brother

I guess user really is going to get to buy in at $5

call it whatever you want its all manipulation the Chinese banned bitcoin how many times now?and how many times they changed their mind? this is nothing new Korea playing games with your emotions just chill the fuck out

>20millions dissapear in TEN MINUTES
HOLY SH-
>30 millions appear in 5 minutes near the bottom
Oh, just the kikes using their media control to buy cheap bitcoins i see, kek

Old news and who gives a fuck anyway, Korean exchanges are cancer. No fees it's just whales wash trading.
If it were to happen anyway, people just take their money elsewhere. But it won't because south Korea will be one of the pioneering nations for crypto adoption, just fud

...

yeah this is state level fud to scare the normies

Just sent an ETH to qryptos an hour before hearing this news.

JUST

You've learned a lesson a lot of people here had to learn months ago during the China fud
Remember to never trade your btc into and out of fiat
That's what alts are for.

if you have XRP EXIT AND GO INTO USD NOW

Great Leader must!

Someone is gathering shitton of ETH atm if u look at recent trades.

Didn't get out in time. Fuck it. I'm just leaving my coins where they stand.

Riding this shit into the ground.

what is they claim they are protecting the people from exactly?

they want to protect people from their irrational exuberance. typical big gov nanny

I told EVERYONE yesterday to get out and exactly why ETH was rising so fast.
Peoples with their retard HODL memes going to lose 60% of their worth

I only warned you retards on here because I dont give a fuck about normies on reddit I wanted to see the money flow into the neckbeards autistics who cruise around here

we don't need south korea, buy up the dip

what coins should i buy on this massive dip?

Lmfao. He should totally do this.

Just set up trading outposts on the borders.

...

.... you unequivocally need south korea the largest exchanges in the world are based in korea

I have my suspicion that capitalism is like a casino. They say you can win, but the story changes when actually start winning.

No moving. If my portfolio dies then it dies.

FUCKING PAJEETS GET OFF MY BOARD REEEEEEEEEEE

This market is too unpredictable, we don't know whether IF it will crash the next day or the week after. It's hard to cash out as well because of greed.

wasnt evertything bleeding when China said they would ban bitcoin?

What happened? Oh yeah the chinese bought it all cheap when evreyone sold at a loss cuz they thought it was going to 0

enjoy faggot

These posts alone if showed to South Koreans would make them change their minds lmao

Time to short. It's only going to dip lower.

What are the best sites to do margin trading?

Yep pretty much

Kekkkkkk

>Instead of 1 crash we get 2 crashes
Yes how based

;^)

>trusting south korean looks
AAAAAAAAAAAAAAAAAAAAA