This January amidst rivers of FUD, South Korea finally is not banning cryptocurrencies [1] It is important to understand that according to a recent survey around a third of the population in South Korea own cryptocurrencies [2] Just the idea of banning them was enough to trigger a popular outrage in the country [3] The question of what politic consequences would have such a ban in such a popular activity between Koreans is interesting to analyze. When it comes to cryptocurrency regulation politicians in South Korea will have to think twice since a considerable part of the electorate is at stake.
[1] https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
[2] https://www.ccn.com/survey-31-south-korean-professionals-cryptocurrency-investors/
[3] https://www.cnbc.com/2018/01/16/over-200000-sign-petition-in-south-korea-to-stop-bitcoin-regulation.html
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