manipulated, hahaha clearly korea has no law no ban cryptocurrency, some high officials just want to benefit from bitcoin thats all.
Haven't you heard the news?
(
https://www.coindesk.com/korean-regulator-investigating-staff-insider-trading-of-cryptocurrencies/)
Does anyone ever read the posted links?
This is frightening news. The government is not going to allow new accounts to open until banking auditors go into the exchanges and identify every btc owner for the purpose of stealing their money. The depositors will either be accused of money laundering and all of their funds will be stolen by the government or they will have the shit taxed out of them and the government will steal a quarter of their funds.
This is exactly the kind of government intrusion Bitcoin was supposed to stop. How can any of you consider this good news? Wouldn’t it be great if world governments all stormed every bitcoin exchange at once and stole your coins? If you’re going to be fucked with, tracked and taxed why don’t you just use fiat?
Agreed, South Korean exchanges will be centralized, all transactions are going to be transparent, all bitcoin address will now have a name attached to it. So there would be no anonymous trading moving forward.
Banks are expected to introduce the system, which will require cryptocurrency exchanges to share users‘ transaction data with banks, late this month or early next month.
That's scary shit. Bitcoin was supposedly (pseudo)anonymous. But with that kind of setup, it will very well defeated the design and the goal of Satoshi. I guess there's still the mixing and tumbling services to exchange your bitcoins, but I don't know how South Korean government will deal with it. Let's see how it goes next month.
