South Korea and Australia, they are bitcoin pro

Arlo

New member
Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload
 

Ivan

Member
South Korea and Australia has been bitcoin friendly since 2017, so there are no surprise here that they are moving and adopting blockchain to be integrated in their systems.
 

Maxwell

Member
It's a great news for the bitcoin users of S. Korea. They will definitely love to use and pay bills with BTC. But it will not good if the fee of transaction cross the limits because we all know how high is the transaction fee now a days. Overall everything looking nice. Though I am not a person from those 2 countries but still feeling crazy for that crypto success. Hope one day my country will also adapt bitcoin and cryptocurrency like this.
 

Diego

Member
South Korea and Australia has been bitcoin friendly since 2017, so there are no surprise here that they are moving and adopting blockchain to be integrated in their systems.
Yes by giving more license on exchanges basig o their country. yes, austrilian government had some positive accepted cryptocurrency. But we could also not deny that other country as well accepted bitcoin and even I have seen some threads here claiming that bitcoin is being legalized in their place (India).

Other country like Philippines, Japan and Korea were also interested about cryptocurrency. It is good to embrace cryptocurrency but the problem is that people or the community needs to be educated first before they can safely make it with cryptocurrency. I think cryptocurrency should be introduce to the community litlle by little. In this way it can be effective and cryptocurrency could have higher chancess it could be adapted for the community.

For now, we will just going to wait and see on which country would do the same for cryptocurrency specifically with bitcoin. I just can't wait for it to happen because we are here already being ahead of them a little would be at great advantage
 

Ashton

Member
Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload
has not South Korea been supporting bitcoin since several years ago? maybe this is a new breakthrough for South Korea and Australia because this will be one of the motivations for many countries to be able to join in advancing crypto like them
 

Kaiden

Member
Well according to your Op, there is adoption of blockchain but you don't mention anything about bitcoin. You have to understand something, blockchain technology is here to stay, but keep in mind that the fight is because the free and unrestricted use of bitcoin is allowed. I want to be in control.

For governments to adopt blockchain technology is fine, but they do not leave me out of my right to choose which technology to use. That is the bottom line. What we have to understand beyond bitcoin to the moon, adoption, speed of transactions, scalability and I could name more ... no matter what happens in which country, if they always allow me to have control of my assets and decide on My privacy.
 

Cole

Member
Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future

Good vibes are coming from different parts for crypto, happiness overload
Why your title is about South Korea and Australia being Bitcoin friendly,but you are writing about ETH based licenses?Can you distinguish Bitcoin from Ethereum?
Grin

South Korea is one of the most Bitcoin/Crypto friendly countries in the world,while I'm not sure about Australia being that much Bitcoin/Crypto friendly.
Anyway,I appreciate any effort into implementing blockchain technology and crypto payments in any country around the world.
 

Giovanni

Member
I have always seen South Korea is really advancing with their BTC implementation and approvals. But have less information on Australia's progress with Bitcoin. Since this is the only news I have read so far. Honestly, this is one of the good news that you don't see every day in Bitcoin news. I wonder what Japan and Singapore think about this idea. Anyway, let's just wait for another country to make their decision regarding implementation of Bitcoin in their country, I think this will not be the last time we see such news
 

Jair

Member
Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?
 

Kingston

Member
Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?
He is probably talking about a 20% tax that will be imposed on South Korean exchanges from October 2021 for profitable trades over $2000. This tax will be collected right when traders take profits. source

The law applies to foreigners trading in Korean exchanges as well and I think it may apply to Koreans trading on foreign exchanges (although I might be wrong on the last part).
 

Ahmir

Member
Fees never depend on any country. It depends on bitcoin network itself. If there are a lot of tx happening each day, the fee will be increased. Can you share more details on which fees you are talking about?
The conversion sometimes also depends on the website or app. In my country there is a popular mobile wallet that when you convert in their wallet version differs in when we use their exchange website from that same wallet. I think its a deposit or withdrawal fee as the price differs only in the wallet. It will depend if Korea also have such app or alike.
 

Stone

Member
Now, I looking forward to seeing other countries (ASIAN countries)will open up their minds and see the importance of Bitcoin, especially in the situation today. I know these countries soon to give away for crypto adoption and have supported. In fact, this could be actually a good step for a comfortable way during the pandemic and this development will make it help to slowly recover their economic losses. We all see's that Bitcoin adoption is increasing and it is quite to know also that people are so happy with this new technology as they could still make a living out from it.

But what I would like to see is how strong they are with this project. And how their people appreciated and used it as another form of payment or just an investment only.
 

Juan

Member
I think this is another year with the number of people making an investment with the use of the cryptocurrency because they know now already and spreading the news with the support of the bitcoin we all know that those countries are a friendly adopts the use of the digital currency. Still, we are heading toward the other countries that will make move too right now with the use of the bitcoin. Even this takes a lot of time still we are wanting to make innovation and process with the use of the bitcoin.

Right now one of the best things and kind of payment is the online transaction in which bitcoin is on the scope with this kind of transaction but the problem is only a few businesses support this kind of transaction but still what if sooner or later there is some improvement
 
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