South Koreans Have No Interest To Invest On Cryptocurrencies
August 9, 2018 9:43 am
When Bitcoin was launched most of the people in the world refused to invest in it and now they are not ready to accept it as a currency. Those who invested became rich while bitcoin’s price started increasing. Cryptocurrency craze is increasing in the world but the term called ‘regulation‘ is somehow trying to push these cryptos away from getting successful. When we talk about regulations countries like China, Russia, South Korea, Indian and few more countries has strict regulations on cryptos.
According to their latest publication, 74.8 percent of South Korean revealed no intentions to invest in cryptocurrencies, 23 percent said that investments depended on the situation, and only around 2 percent intended to invest in cryptocurrencies in the future.
According to the survey, 74.8 percent of South Koreans said no plans to invest in cryptocurrencies. 23% of people said the investment depends on the situation. Therefore, only 2% of people said they are interested in investing in cryptocurrencies.
Meantime, Korean news outlet Token Post reported the statistics showing up how many people are interested in investing in cryptocurrencies. The survey from the KB Financial Group also mentions that 29 percent of global asset holders and 52 percent of Asian asset holders — except for Japan — are interested in cryptocurrency investments.
In another corner of the world, Switzerland recently announced that it supports cryptocurrencies by easing the regulations. Because Switzerland was once hailed as “Crypto Nation”. The country initially enforced a stricter regulatory framework. The Government is planning to capitalize on the popularity of cryptocurrency platforms by encouraging banks to accept accounts from cryptocurrency companies.
Based on the ICO guidelines published in February 2018, Switzerland is allocating its cryptocurrency business to off-shore rivals such as the Cayman Islands, the British Virgin Islands, Liechtenstein, and Gibraltar.