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[AudraMiller]

Korean banks are starting to take to cryptocurrency and there are many of these financial systems that are researching and getting involved with cryptocurrency, and certainly this will increase the confidence that the citizens have in these coins and will likely result in an increase to their usage and price as well. In a news article that was released today, there is another Korean bank by the name of Woori that is planning to offer crypto services to its clients. What do you think about this development?

 

[Clickzeez]

Wow, it will be a good thing if all Banks offer crypto Currency at large cos mostly not all Banks offer crypto currency. I think dialogue must be made.

 

[Razor1911]

It's a very good development I would say, more encouragement by financial institutions actually will be very good to move more people into the world of cryptocurrency.

one way the government is trying to control the third party agencies which deals with cryptocurrency, and in another way they are allowing banks to accept such coins. That means they are in position to make it has legal tender in future.

 

[Josemendez]

This is goodnews and I hope that the government Will give it the support it needs. The next is for cryptocurrency to be included in school curriculum.

 

[Wisdom01]

It's a good development if they should accept crypto service other banks in the country , might also make consideration on accepting the use of crypto finally too

 

[Tomitomato]

Wow! That is great news for them. Accepting the use of crypto currency in many financial institutions will bring about trust in the citizens. More people would be encouraged to invest in crypto.

 

[ektalakra]

It is good to know that more banks are coming forward and showing their interest in adopting crypto, previously banks were not that suppositive because they feared crypto will take over their identity because in crypto there is no middle person, and that concerned banks before.

 

[Wisdom01]

It is good to know that more banks are coming forward and showing their interest in adopting crypto, previously banks were not that suppositive because they feared crypto will take over their identity because in crypto there is no middle person, and that concerned banks before.

yeah I love the interest banks are showing ,they are bracing up when it comes to crypto currency development , and I hope the development of cryptocurrency continues and dont stop ,I actually want crypto currency to grow more and this would be better for banks to continue

 

[Horia_10]

They are doing so because they believe they can attract investors but with such system and strict rules where investors money can be blocked with just a simple action , not many investors would want their money to be. Locked in such things and I'd reason why their foreign investment is already on decline from last 5 years or So and continually falling .

 

[Wisdom01]

They are doing so because they believe they can attract investors but with such system and strict rules where investors money can be blocked with just a simple action , not many investors would want their money to be. Locked in such things and I'd reason why their foreign investment is already on decline from last 5 years or So and continually falling .

although apart from the system of them attracting investors ,I actually still love the interest they are showing on cryptocurrency ,it would add to the development ,I particularly want to see cryptocurrency grow and improve with time

 

[Horia_10]

We definitely want to see the market grow but not at the expense of the people getting scammed , it is just not right , I believe that everyone gets same rights and regulation is key along with investor's funds security in case of bad companies offering their deals to the investors .

 

[Wisdom01]

We definitely want to see the market grow but not at the expense of the people getting scammed , it is just not right , I believe that everyone gets same rights and regulation is key along with investor's funds security in case of bad companies offering their deals to the investors .

exactly what every cryptocurrency traders want to see ,they want to see the market grow and not to the expense of any traders getting scammed ,that's why some people are clamouring and rooting for more regulation on cryptocurrency trading ,that's the thing there

 

[Horia_10]

Agree , the fact that the scams and Korean exchanges relate puts a security mark on the offerings of such exchanges in the market that are virtually at their own rules and can change their face any time and every centralized exchange takes his benefit first so that is why we have to rely on the things that allow us to actually be critical about these factors and exchanges need to be regulated fully and must have rating system as well for ease of investors trust rating .

 

[Wisdom01]

Agree , the fact that the scams and Korean exchanges relate puts a security mark on the offerings of such exchanges in the market that are virtually at their own rules and can change their face any time and every centralized exchange takes his benefit first so that is why we have to rely on the things that allow us to actually be critical about these factors and exchanges need to be regulated fully and must have rating system as well for ease of investors trust rating .

I think that's what some countries are already doing , there are more regulation now to the extent that it's impossible to carry out your business activities without getting license ,it's very impossible to do so ,first your business must have license before full opening and others

 

[gammarays]

The government should know that they can't really do anything to stop crypto. Banks and other financial institutions should lead the way when it comes to global adoption of crypto. Offering financial services using crypto will go another way bringing more customers and keeping up with trends globally. Crypto awareness is increasing at a rapid pace globally. Banks, payment processors, investment firms and others are really grabbing the opportunity that crypto and the blockchain technology provides. That's commendable.

 

[Ben Kempton]

It's a good development if they should accept crypto service other banks in the country , might also make consideration on accepting the use of crypto finally too

As far as I know, North Korea is a communist country and the government tends to control many things in there. I would be really surprised to know that the government actually allows people to use cryptocurrencies in there. Even if they do allow these digital coins, then there must be some sort of restrictions or regulations regarding usage of cryptocurrencies.

 

[AudraMiller]

The government should know that they can't really do anything to stop crypto. Banks and other financial institutions should lead the way when it comes to global adoption of crypto. Offering financial services using crypto will go another way bringing more customers and keeping up with trends globally. Crypto awareness is increasing at a rapid pace globally. Banks, payment processors, investment firms and others are really grabbing the opportunity that crypto and the blockchain technology provides. That's commendable.

I think that the only thing that they ca do in order to stop the cryptocurrency is to try and block it on their internet service providers which there are some countries that have tried to do this however the conern is that there are stillvpn serviecs that you can use in order to bypas this and therefore this will soon make blocks inadmissable.

 

[Skysaint]

This is actually a welcomed development and it shows that both the government and the financial institutions are out to fully accept the idea of trading and transacting in cryptocurrency.
Sometimes I do actually hope that u was in a place where the government actually put the interest of their citizens first and would reconsider whatever stand they've made so long as it would benefit their citizens.

 

[AudraMiller]

This is actually a welcomed development and it shows that both the government and the financial institutions are out to fully accept the idea of trading and transacting in cryptocurrency.
Sometimes I do actually hope that u was in a place where the government actually put the interest of their citizens first and would reconsider whatever stand they've made so long as it would benefit their citizens.

I think that trading is something that a lot of governments are still uncertain about because once you move a coin from one network to another it will become harder to trace and therefore it may be harder for them to regulate as well and thsi in turn will lowe the kickback that the government gets.

 

[Ben Kempton]

I think that trading is something that a lot of governments are still uncertain about because once you move a coin from one network to another it will become harder to trace and therefore it may be harder for them to regulate as well and thsi in turn will lowe the kickback that the government gets.

The fact of the matter is that the Korean bank might feel that they could benefit from cryptocurrencies and this might be the real reason why they have decided to have a lenient policy pertaining to cryptocurrencies. They were already having a much harder time controlling the ICOs and this is why they themselves stated that the ban on ICOs were not effective enough to begin with.