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proy24 | 6 years ago

Also worth noting is that South Korea is considered to be a country with a serious gambling problem https://www.koreatimes.co.kr/www/nation/2019/11/119_255191.h... This is partly due to the fact that upward mobility in South Korea is notoriously hard without the right connections and also the reason why the country went full YOLO on ICOs in 2017.

Still even with the current ruling only spot exchanges are legal and derivates are still not allowed which means koreans exchanges are still not allowed to offer shitcoin futures with 125x leverage.

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solveit|6 years ago

> This is partly due to the fact that upward mobility in South Korea is notoriously hard without the right connections

This is perceived to be the case, yes, but I have seen no evidence indicating that it is in fact the case. In fact, all measures I can find put Korea somewhere around the middle of developed countries in social mobility.