Market drops as South Korea government plans to ban trading cryptocurrency as it's seen as gambling!
It seems that even BitShares is hit by the "BitCoin curse" in South Korea. Read the whole article from Reuters below.
Does anyone know what the mitigating plan is for BitShares?
Even more than that, information about this whole thing being false is starting to pop up. It looks like nobody is banning anything. Few korean exchanges has been audited to check the quality of their compliance.
That's all
Bitshares mitigating plan is being a decentralized exchange. Which it is. No one can ban it.
Moreover, this "plan to ban trading" is just that, a plan. They don't know how they'll do it or if it'll happen at all. The bill must pass by voting in their government, this could take years and they didn't even propose it yet.
Every korean trader is welcome on the Bitshares DEX
So long term it should be a "win" for BitShares DEX if the plan-2-ban is realized?
Theoretically, yes.
In practice, people are dumb and unpredictable
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