FLASH KOREAN NEWS

...

Are there any Korean cryptos of interest? They should dip the hardest.

>am gook
and that's where i stopped reading. dec 7 1941, never forgot.

so is ICX fucked?

WHAT THE FUCK DO I DO OP?
MARKET SELL MY ICX? AAAAAAAAAAAA

they terminating virtual accounts, they want real users not virtual users with bad KYC verification. Balance from virtual accounts can be transfered to individual accounts.

They say easier and less complicated to stop virtual accounts than to make regulation on crypto exchanges. they just want to know who cryptotrades. all is fine

should you just tether up for crash? I am sorta considering exiting the market, but I just want to get my achain fork tmrw....

what do you mean by a 'virtual account'?

great opportunity for other SK banks to accept crypto accounts, no?
i mean, yeah, it is inconvenient, but if one of my country's banks did the same thing, i'd just move my money to another one that allows crypto. what's the big deal?

ICX is not even in any korean exchange

anonymous accounts

Oh boy, people saying that it is the end of crypto in Korea are actually double digit IQ.

This this this. Korea has a funny way of doing things being NATsoc and all. Lots of fluff lots of posturing but ultimately they are weak and full of hot air like most NATsoc enterprises controlled from behind by puppets. I bought the Icon ICO... the company behind it may as wel BE the SK government they are that big with the lines between business and government in Korea barely existing... this posturing is about social and cultural standards, taxation and legitimacy... something that must be taken slowly when such a cultural phenomenon comes sweeping through a country. It’s basically like the government wanting to regulate Pokémon cards except the Pokémon cards this time are a fintech revolution

I'm so done with this chon shit. What's a good old fashioned American coin?

yh but it's still a korean crypto and probably gooks are going to drop their bags on binance like crazy
should i go all in on tether before the news spreads?

Meh. All this is noise until we get seamless crypto-fiat dexes.

Tech is faster than governments. They're gonna realize everything they did to try and turn crypto into the stock market 2.0 for the rich was a waste of time.

Thats not how it works kiddo

Every motherfucker here misunderstands the news and the language used by our esteemed gook profiteers... they are cracking down on exchanges and users that don’t have adequate KYC and AML policies.

account created online without ever visiting the bank. bad KYC and id verification. anyone can be anyone, hard to watch.

instead of clamping down the exchanges or making crypto hard to dela with (regulations can solve problems but also create others) - they want to just know who cryptotrade. you need real bank account meeting with real bank clerks to open so they can verify id.

no problem with crypto peopel are just brainlet

lol some boomer exec got upset
korea is fud city fuck that place

I, personally think USDT would be a good alternative to storing value although it's really up to how the rest of the market follows.

Only concern in the article by Shinhan's statement is that other banks (such as Nonghyup and others) are similarly reviewing the same decision made by Shinhan. I feel as if this may create a ripple of migrating one to another and then eventually all realizing the market will come to a dip.

At the moment of reviewing and reading Korean crypto communities, they are generally suggesting for weak hands to hodl fiat, and play conservative until policies are actually made to address this issue across the market.

Taxation law seems most likely for Korean exchanges.

gall.dcinside.com/mgallery/board/lists/?id=coin

ICX went from 9 dollars to 8 dollars in 15 mins HOLY SHIT wtf
should i hold this mf?

When will DPRK start supporting crypto currency?

Would it be worth tethering and buying the fud tonight?

who cares about some third world shithole

Don't be retarded. Holding anything to do with Korea right now is mental.

3/10 FUD.

Article clearly states banks are moving to prevent ANONYMOUS accounts/deposits

i bought a bit after the dip, heard this news and tought yas noobcoiners gonna make this dump atleast a few hundreds. so sold for 100$ loss and now waiting for the floor. did i do good Veeky Forums?

yes

>to prevent ANONYMOUS accounts/deposits
And that is to prevent people from not paying taxes. And we all know we don't want to pay taxes

50/50

market cap could drop to 600b tonight, or we wake up with it back to 700b

no one knows what will happen

WHO THE FUCK IS SELLING
YOU FAGGOTS
>b-b-but muh korea..
Shut the fuck up

You know what I did?
i FUCKING MOVED ALL MY SELL ORDERS 100% UP, THAT'S HOW I ROLL IN THIS FREAKING MARKET, YES YOU HEARD ME RIGHT
>100% MOVED UP SELL ORDERS
You disgusting panic sellers...

USD sir we didn't save your ass and invent blockchain to disrespect the USA like that boy

>having sell orders

Ye of little faith

Thank you, gooks.

It does not steer away from the fundamental reason behind this movement with the banks to follow compliance with AML and Korea's nonexisting tax laws. This news itself may not be damaging to FUD the market, but it is a critical movement towards discouraging new cryptokiddies by telling them they have to pay fees and taxes in parallel with the news from yesterday.

My sides are in actual orbit

>Megafon

BRATAN

only sold the coins i bought for 1k euro, only 6.21 eth. not alot just wanna have a better entry point

...

Why are they banning it?

compliance with AML and KYC laws is a good thing...

i have no respect for people that choose not to pay tax on their gains.

Oh I agree too.

But i know a lot of the communities don't particularly take interest in paying taxes. Just wanted to throw it out there in case anybody was curious as to why this was a big deal.

well they could have rolled that instead of we're going to ban trading. what a fucking asswipe
just state that taxes will be instituted for cap gains on crypto and that bank AML/KYC will strictly be enforced. end of story
justice minister had to pearl harbor his own task force too! so the finance minister is like fuck you dickhead. why don't you tell us what you're up to
so hopefully that bill gets shut down and trading resumes as usual

Hey man another gook here

Which galleries are the most popular for crypto?

And are there any other sites beside DC inside?

NEW FLASH NEWS................

VERIFICATION OF IDENTITY SYSTEM IMPLEMENTING DATE HAS BEEN POSTPONED DUE TO THE LACK OF AML COMPLIANCE PROCESS IN THE BANKS....WHICH NEEDS TO COME FIRST IN ORDER TO PROVIDE MORE SECURE AND TRANSPARENT SYSTEM FOR THE USERS.

And there you go. FUD is real with these journalists.

What the fuck.
tl;dr
Get back to buying

Source: (5 Minutes ago)

edaily.co.kr/news/news_detail.asp?newsId=01374326619077064&cateNo=

Why the fuck do they need to ruin everything.... This is why we need to keep pushing and get things decentralized...

What an elaborate FUD

Hey man.
알트 마이너 갤러리 is ways better than 빗갤 (비트코인 갤러리) because it has way less shitposting and shilling with "가즈아ㅏㅏㅏ" posts (if you know what I'm talking about lol)

Aside from DCinside, I'd suggest Coinpan (코인판) for general news and other information.

wow, maybe they implement a bank on their KRW then. justice minister needs to get fired.
OH PLEASE KOREANS GET THOSE PETITIONS OUT THERE AND FIGHT, FIGHT FOR US ALL!!!!!!

i wish my government could dick slap that minister. Mr. TRUMP PLEASE TWEET about it. tell him he's a little bitch and that he ought to be audited!

how do you think this will impact the market?
will people exit crypto cause they now have to pay taxes and do KYC? are we about to enter a bear market?

Yes chons are cheap as fuck. A lot of them were likely in it for the tax free gains.

Thanks to you and other Korean user's who keep us updated on what's really happening over there. I can't trust western media to translate and report properly.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA MOMMY

hmmmm I wonder if the Koreans are going to say ... fuck it... ill just go back to my wagecuck salary... lol

youtu.be/cpYOtlGNEXg?t=5m43s

watch 5:45-6:45

Most definitely. I wouldn't underestimate the community that jumped in for pure gains.

You're welcome user. Just trying to spread the news so people don't freak out and wojack the shit up

being a wagecuck myself, I can't say I don't depend all that much on crypto nowadays.

Its a fucking

CONSPIRACY
O
N

Literally

I can't tell if this is some shit tier bait or you are actually this retarded.

>South Korea is natsoc
Holy shit, the stupidity on this board is off the fucking charts.

youtube.com/watch?v=d0uwh1T1VYg

>tfw too americanized to understand korean humor

1 rape wasn't enough for you zipperheads

woah

anybody seeing this perfectly Yotsuba B colored ID? trippy

>worst korea
>natsoc
Holy shit you delusional fucking amerifatt weaboo

damn

Korea is not Japan you nigger.

Yeah

but it should be.

ID God

NICE!

Japs were onto something

Found the dog boiler!

>tfw Greater East Asian Co-Prosperity Sphere will never come to fruition
>you will never see all of Asia united under one Japanese roof
>you will never see all shitty Asian cultures replaced by superior Japanese culture

they flew too close to the sun. also fucked with USA

dragonchin

NANI??
how stupid are you cunts LOL
they are going to give up FREE money just because SOME of their FREE money gets taken by tax.
yup makes sense to me. i know i would rather earn 0 dollars instead of earning 1 million dollars after tax.