I'm Korean. And there are FISHY STORIES about the government's speeches. In the morning, the minister of Ministry of Justice, which relates to law and order, had spoken today about cryptocurrencies as a Gamble and the markets have to be closed. Of course there are many panic sells at the market. At the lowest point of KRW/BTC, the minister of Ministry of Strategy and Finance had a speech about the former speech. He said it's very embarrassing and they were about to impose taxes to markets. The bluehouse, where the president works, said "We're not planning the closing of the markets." And KRW/BTC restores 80% of the highest point of yesterday.
And the fishy stories. The government shows suspicious trades at the KRW/BTC lowest point. The biggest market, Upbit, has temporarily goes up the trade limit $100000 to $100000000 by 1000 times. And, at the stock market, the government has bought the Upbit's holding company's stocks.
South Korean Government defines cryptocurrencies as '가상통화' that means 'virtualcurrencies.' And the people ridicules the government as a 'virtualgovernment.' I hate this government.
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Thanks for sharing hands on info. Do you have any libertarian movements in Korea? All governments are more or less basically the same. Cryptocurrencies sprung out the anarchocapitalist idea. The founder of Steemit amongst them. Cryptocurrencies places a real threat to governments. If they have to ask for taxes instead of collecting them with violence, that puts them in totally another position where they acctually have to serve the people.
As I know, there's no true libertarian movements in Korea. There are two major parties and two minor parties in the Parliament. The major parties corresponds to the two parties of the US; and the leading party (I don't know the word means the party has the president....) is like Democrats. The Korean names are the same.(민주당) The minor two parties are about to merge together. The smaller parties are parties of bunch of feminists or the extreminists. So sad.
So it's about time to get rid of them :) I heard it's even worse in your neighbouring country to the north.
Yup. Exactly. I hope so too. And the North Korean...hope the Chinese government not to help the North.
Governments around the globa are kind of sitting on their high horse, not understanding what is about to happen. At the time they do, it's going to look like a cat that went into the bathtub. Desperate, and if someone stands in it's way retreating, it could get ugly.
God damn thats juicy info bro. SO they are basically spreading FUD, buying cryptos and then trying to pump it again with "oh..we said wrong. Only a taxation check" ?
This is extremely bullish..
Sounds like government officials to me... guess they are of the same caliber as the ones we have here in the States A?
It's just a suspicion, but very likely story. The minister of MoJ made a lot of money investing some real estates. Check this out: http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=100&oid=005&aid=0001063814
There are some more information with this articles. You will need a translation app.
http://news.naver.com/main/ranking/read.nhn?mid=etc&sid1=111&rankingType=popular_day&oid=469&aid=0000269482&date=20180111&type=1&rankingSeq=6&rankingSectionId=101
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=081&aid=0002884209
http://news.naver.com/main/ranking/read.nhn?mid=etc&sid1=111&rankingType=popular_day&oid=008&aid=0003991749&date=20180111&type=1&rankingSeq=1&rankingSectionId=101
http://gall.dcinside.com/board/view/?id=bitcoins&no=3481340&page=1&exception_mode=recommend
This is some interesting info, thanks! Those are the type of conspiracy things that everybody likes, especially when they turn out to be true ;-)
Oh... South Korea is the country of conspiracy. The biggest and longest (long about 30 years) conspiracy about the former president Park Geun-Hye(박근혜) and her cultist friend came out to be true. And she was impeached last year. I think the successor's conspiracy might be the same as hers.
mmmm when the socialist government of Venezuela makes "opening" to cryptocurrencies, and South Korea closes its own, then something is wrong ...