S. Korea authorities dispelled crypto ban rumours

Administration of the president of South Korea said that the ban on cryptocurrency is only one of the options considered, and not the final decision
11 January 2018   373

On the night of Thursday, January 11, a number of mainstream media disseminated reports about the plans of the South Korean government to prohibit crypto-currency trading. On these news, the market has significantly subsided.

So, earlier today the price of bitcoin fell below $ 13000, in the red zone there is also the majority of other leading crypto-currencies.

Top Ten Cryptocurrencies
Top Ten Cryptocurrencies

The aggregate capitalization of the cryptocurrency market has fallen below $ 650 billion. Also, this rumours was support by the news that South Korean authorities instigating inspection raid at two major exchanges. It had led to the panic sell

At the same time, an analyst based in the Asian region and well-acquainted with the state of affairs posted next Tweet.

But Presidential Administration of South Korea dispelled cryptocurrency ban rumours. It has published a report on the alleged ban on exchange trade promoted by the Ministry of Justice after receiving more than 1,000 applications demanding not to take this decision. This is reported by Yonhap News.

Justice Minister Park Sang-ki's remarks regarding the shutdown of cryptocurrency exchanges is one of the measures that have been prepared by the Justice Ministry, but it is not a finalized decision and will be finalized through discussion and a coordination process with each government ministry," Yoon Young-chan, chief press secretary to President Moon Jae-in, said in a statement. 

Yun Yang-chan

Press secretary of President of South Korea

A few hours after the publication of the proposal to ban exchange trade, the Ministry of Strategy and Finance of South Korea publicly stated that it does not support the position of the Ministry of Justice. 

In order for the proposal of the Ministry of Justice to obtain the status of law, the majority of the members of the National Assembly must vote for it. The entire process can take several months or even years.


Bitcoin Ethereum Crypto Summit comes to Texas

Richardson is hosting a 1-day conference - Bitcoin Ethereum Crypto Summit on May 12 to teach the basics and catch up with the the latest in the cryptoworld
20 April 2018   30

Leading cryptocurrency and blockchain experts are coming to Richardson to participate in Bitcoin Ethereum Crypto Summit 2018. This one day event will take place on May 12 at Noah's Event Center. BECS positions itself as an affordable crypto event providing the quickest way to experience and learn about cryptocurrency live and in person, learn the terminology, the concept, and the hands on information with no experience required, and the public is invited to take part and attend.

Here is the list of some of the topics and sessions that will be covered:

  • Bitcoin and Cryptocurrency 101 – All the basics you need to get started
  • Government Regulation of Cryptocurrencies
  • Meet the Altcoins – Fast-paced review of over 20 of the top alternative cryptocurrencies, including Ripple, Stellar, Stratis, Monero, Dash, and many more
  • Cryptocurrency and Taxes
  • Overview of Cryptocurrency Exchanges such as Coinbase, Poloniex, and more
  • Cold Wallets, Hot Wallets, Paper Wallets, and more – The main types, how to use them, and keep your crypto safe!
  • How To Spend and Accept Bitcoin, Ethereum, and other Cryptocurrencies
  • The Basics of Blockchain and Internet of Money
  • Trading Bots and Trading Software
  • User Experience and the Blockchain
  • Mining 101 – What is it, how does it work, and should you start mining on your own?
  • How To Start Your Own Token or Coin
  • Understanding Coin Price Indexes

Doors open at 8:30 am.