Friday, December 29, 2017

South Korea: 31% of Korean employees are crypto-investors! :


Although cryptocurrency trading is not yet regulated in South Korea (unlike other countries such as Belarus), this does not prevent many South Koreans to appreciate bitcoin and other currencies digital. The results of an investigation have just proved it.

3 out of 10 workers have invested
The race for the regulation of bitcoin affects many countries around the world, as Russia is preparing to implement a bill on the subject. South Korea is also seeking to put in place strict rules around cryptocurrencies that are starting to spread more and more over the territory.

Indeed, the country records every day a very large number of transactions, representing daily 20% of the global bitcoin market. Not to mention that it houses some of the world's largest cryptocurrency trading platforms.

Better still, according to a recent survey, 31% of South Korean workers have decided to invest in digital currencies. Which means that 3 out of 10 workers have already used bitcoin and other cryptocurrencies.

Details about the investigation
Led by the online job portal Saramin, the survey was conducted among 941 employees in South Korea, and found that 54.2% of respondents believe investment in cryptocurrency as a quick way to make money.

Of these workers, 44.1% admitted to investing less than 1 million won ($ 930). While others have claimed to have put more money into digital currencies, all of this is detailed as follows: 12.9% over 10 million, 7.8% between 4 to 6 million, 9.8% between 2 to 4 million and 18.3% between 1 to 2 million.

Good profitability
The majority of respondents also confessed to being satisfied with their crypto-investments, like the 80.3% who had good profitability. While 13.2% of respondents found the amount they invested without making a profit, 6.4% still confessed to having made an investment at a loss.

All this allows us in any case to confirm that the frenzy of cryptocurrency is indeed wreaking havoc on the South Korean territory. It is no longer up to the local government to regulate this digital technology.

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