Alert! Korea Rules Cryptocurrencies Are Valuable Assets

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Alert! Korea Rules Cryptocurrencies Are Valuable Assets

South Korea’s Landmark Decision

South Korea has long been a hotbed of cryptocurrency activity. Not only are many of the exchanges and traders located in the country but much of the technology which drives blockchain is produced there. The country’s politicians have been locked in a battle over the past half year or more as they try to control overheated markets, protect the consumer and ultimately decide what cryptocurrencies really are. Now, according to the South Korean Supreme Court, cryptocurrencies are to be considered a valuable asset which means the South Korean market can expect to see wide spread governmental acceptance and regulation of the asset.

In the decision the court says that cryptocurrencies have economic value. This is important as it sets a precedent that will have long ranging affect on the cryptocurrency world; many regulators and critics claim cryptocurrencies are worthless and serve no purpose. With this in mind market watchers will turn their eyes to the SEC, CFTC, FCA and ESMA for cues on how the US, England and Europe will proceed.

The Mandala Platform, first announced in late 2020, is aiming to achieve full SEC compliance becoming the first regulated and US compliant cryptocurrency trading platform. Key features of the platform include trading interface, a wallet and tools for managing and securing digital assets. The platform will have a standard fee of 0.20% per trade but traders can reduce that using Mandala tokens earned by trading. The tokens are a proprietary cryptocurrency which makes the platform operate, they can be used to reduce commissions or sold to other traders for profit.

The most important feature though is its aim toward beginners. The platform’s white paper lays out in detail how it hopes to attract business by providing tools and resources for new and inexperienced cryptocurrency investors. Among the tools are those intended to recognize panic selling and risky trading behaviors. The wallet will provide methods for storing the cryptocurrencies offline and in cold storage, the safest method for holding them.

A major cryptocurrency hedge fund manager, Dan Morehead CEO of Panterra Capital, says now is the time to buy Bitcoin and other major digital assets. His reasoning is simple, prices are incredibly cheap right now and the next major catalysts is brewing. That catalyst is regulation, the market is already there cautiously investing but it is, according to Morehead, waiting for an SEC accredited custodian. When that happens Morehead thinks the market could hit $40 trillion, a 12000% gain from today’s total cryptocurrency market value.

Alert! Korea Rules Cryptocurrencies Are Valuable Assets

South Korea’s Landmark Decision

South Korea has long been a hotbed of cryptocurrency activity. Not only are many of the exchanges and traders located in the country but much of the technology which drives blockchain is produced there. The country’s politicians have been locked in a battle over the past half year or more as they try to control overheated markets, protect the consumer and ultimately decide what cryptocurrencies really are. Now, according to the South Korean Supreme Court, cryptocurrencies are to be considered a valuable asset which means the South Korean market can expect to see wide spread governmental acceptance and regulation of the asset.

In the decision the court says that cryptocurrencies have economic value. This is important as it sets a precedent that will have long ranging affect on the cryptocurrency world; many regulators and critics claim cryptocurrencies are worthless and serve no purpose. With this in mind market watchers will turn their eyes to the SEC, CFTC, FCA and ESMA for cues on how the US, England and Europe will proceed.

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The Mandala Platform, first announced in late 2020, is aiming to achieve full SEC compliance becoming the first regulated and US compliant cryptocurrency trading platform. Key features of the platform include trading interface, a wallet and tools for managing and securing digital assets. The platform will have a standard fee of 0.20% per trade but traders can reduce that using Mandala tokens earned by trading. The tokens are a proprietary cryptocurrency which makes the platform operate, they can be used to reduce commissions or sold to other traders for profit.

The most important feature though is its aim toward beginners. The platform’s white paper lays out in detail how it hopes to attract business by providing tools and resources for new and inexperienced cryptocurrency investors. Among the tools are those intended to recognize panic selling and risky trading behaviors. The wallet will provide methods for storing the cryptocurrencies offline and in cold storage, the safest method for holding them.

A major cryptocurrency hedge fund manager, Dan Morehead CEO of Panterra Capital, says now is the time to buy Bitcoin and other major digital assets. His reasoning is simple, prices are incredibly cheap right now and the next major catalysts is brewing. That catalyst is regulation, the market is already there cautiously investing but it is, according to Morehead, waiting for an SEC accredited custodian. When that happens Morehead thinks the market could hit $40 trillion, a 12000% gain from today’s total cryptocurrency market value.

How Does Advertising on Craigslist Work?

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Virtually any business with a product or service to offer can benefit from advertising on Craigslist. Regardless of whether the business is a brick and mortar location or operates on an e-commerce model, Craigslist is a venue well worth advertising on. There is no cost involved in advertising on Craigslist, though here are terms of service which you must agree to in order to place an advertisement. However, advertisers don’t have to be particularly concerned with their advertising ROI when using Craigslist, as the investment is literally nothing in financial terms.

Reaching Consumers on Craigslist

Advertising your products or services on Craigslist allows businesses to reach a vast audience of potential buyers. The Craigslist factsheet illustrates this in a glance – the site receives about 4 billion (yes, that’s billion with a B) page views each month and counts around ten million different users per month. With so many people to reach, it stands to reason that advertisements on Craigslist are almost certain to receive some exposure to your target markets.

The number of Craigslist users provides businesses with a free advertising model which has a nearly unlimited potential. However, no audience, no matter how large guarantees that you’ll receive any response to your advertisements. Getting consumers to take an interest in your products or services by advertising on Craigslist relies on making your advertising interesting, compelling and properly placed, exactly as with any other campaign.

Targeting Your Audience on Craigslist

If you want to take advantage of the popularity of Craigslist with consumers, you’ll need to target your advertisements to those consumers who are the most likely buyers of your products or services. You can easily reach a more generalized audience, but your response rate will of course be far lower than if you’d aimed your advertisements towards your target market. It’s always preferable to get your message to a smaller number of people who are likely to be interested in what you have to offer than an enormous number of consumers who are not likely customers.

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