REGULATIONS

No more anonymous crypto traders!

South Korea crypto ban

Starting from the 30th of January, South Korea prohibits the usage of anonymous bank accounts in crypto trading.

This step was taken to stop the money laundering with the help of virtual coins. Seoul also hopes that this measure will decrease South Koreans’ obsession with cryptocurrencies.

South Korea’s chief financial regulator is suggesting the government to consider the posibility to close all the local domestic currency exchanges. This might be provoked by the political regulations all over the world, that are calling for more strict and limited cryptocurrency trading.

South Korea’s Presidential office, however, has commented that a full ban on virtual currency exchanges is just one of the measures being considered, but not a final decision.

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blockchain, ICO, bitcoin, ethereum, mining

REGULATIONS


No more anonymous crypto traders!

Published by blockchain, ICO, bitcoin, ethereum, mining