Korea back off Cryptocurrency exchange ban and is reconsider their positions.

Last month the Korean government wanted to have more oversight over Cryptocurrency exchanges and consider closing exchanges that do not comply with their new KYC policy. This news and among others was met with backlash from the Korean netizen as a petition in support of Cryptocurrency has reach over 300,000 vote as of this writing.

Now in response to the petition, the Korean government appear to ease down on their crackdown and is considering other position including full transparent of their policy or slow adoption with regulation. This should count as good news for Cryptocurrency as government are realizing banning Cryptocurrency is fool errands and adopting it will only be good for their economy in the long run.

https://www.ccn.com/traders-cheer-as-south-korea-backpedals-on-crypto-trading-ban/