After china, looks like Singapore and Korea will follow the policy about ban anything about bitcoin and all cryptocurrency activity on their country. So it will add more list to country that not accepting bitcoin as currency sytem on their country.
The Financial Services Commission of South Korea also said all types of virtual coin offerings or initital coin offerings (ICO) would be banned from trading virtual currencies. Because this activity needs to be controlled and monitored very tight means they only want people trade from something that centralize so they can keep control on whats going on .
CNBC said, this announcement adds to the assertion that the South Korean government does not accept virtual currency trading as part of their financial system. The government will also continue to monitor the market and continue to control when additional regulations are needed.
a number of banks in Singapore also closed a number of company accounts that specifically offer virtual currency and payment services with the currency.
Seeing the condition, Cryptocurrency and Blockchain Industry Association Singapore (Acess) asked the Singapore Government to get involved in this issue.
"From our analysis, these obstacles arise between financial technology firms (tekfin) .If this is the case, we ask the government to provide guidance on how effective solutions for all parties," said Acess Chairman Anson Zeall in a statement by email.
So do you thing it will inpact the price of bitcoin and other cryptocurrency to goes even more deep like just happen while china baned the ICO.?
Upvote, comment resteem if you think this blog is good ( well i hope this is good 😁 ) and don't forget to follow to know more information.