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Title: New regulations in Korea make some trading floors pause Post by: PeterPPAP on February 11, 2018, 06:55:03 AM The ban on anonymous transactions in Korea has made many trading floors difficult and forced to temporarily suspend transactions. Most of the small trading floors in Korea do not have the support of banks involved in confirming the identity of investors. In related moves, the Korea Financial Supervisory Authority conducted inspections of the six biggest trading floors in Korea and found more than $ 600 million in illegal transactions involving criminal organizations.
Title: Re: New regulations in Korea make some trading floors pause Post by: Hellobx on February 11, 2018, 06:59:51 AM I think the real-name system is a good thing, and the real-name system means that bitcoin is legal.
But this is not good news for those who want to use bitcoin to launder money. Title: Re: New regulations in Korea make some trading floors pause Post by: HiramMayBill on February 11, 2018, 07:02:20 AM The ban on anonymous transactions in Korea has made many trading floors difficult and forced to temporarily suspend transactions. Most of the small trading floors in Korea do not have the support of banks involved in confirming the identity of investors. In related moves, the Korea Financial Supervisory Authority conducted inspections of the six biggest trading floors in Korea and found more than $ 600 million in illegal transactions involving criminal organizations. I think it is good for the bitcoin, it will make the currency transactions become more specification, will be conducive to the development of the bitcoin, may make it difficult to bitcoin trading in Korea, but for thebitcoin in South Korea is good long-term developmentTitle: Re: New regulations in Korea make some trading floors pause Post by: Kakmakr on February 11, 2018, 07:08:42 AM When you use third party trading platforms, Bitcoin lose it's pseudonymity. These trading platforms are regulated and you have to reveal your true identity to trade. Why these governments are still going on about anonymity, is beyond me.
I think it is just an excuse, because they cannot fully regulate it. The Internet is basically the same at this stage. <A lot of governments are trying to destroy the freedom provided by the internet> Title: Re: New regulations in Korea make some trading floors pause Post by: carpencod on February 11, 2018, 07:19:21 AM Too many regulations for a coin that is not centralised - They governments want control over it but they will fail dramatically.
Title: Re: New regulations in Korea make some trading floors pause Post by: talkbitcoin on February 11, 2018, 07:42:22 AM The ban on anonymous transactions in Korea has made many trading floors difficult and forced to temporarily suspend transactions. this doesn't make any sense to be honest! first of all transactions to and from exchanges (trading floors!) are not anonymous at all. as soon as you sign up on these exchanges specially if they are working with fiat deposit/withdrawals in addition to cryptocurrencies, your anonymity goes out the window. second you said they stopped working but they are still active as far as i can tell. and regulations have been happening for some time now. Title: Re: New regulations in Korea make some trading floors pause Post by: doublecoins on February 24, 2018, 10:36:26 AM 3 largest traded country Korea forming regulation is good for industry and positive movement for bitcoin on a whole Bitcoin market is moving in right direction now when most of the country form regulation
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