South Korea Bans Virtual Accounts Starting With 30 January 2018

[marcoenunyil]

What you think are the effects of this?


https://coindoo.com/south-korea-bans-virtual-accounts-starting-30-january-2018/

he wait is over for South Korean traders. Starting with 30 January 2018, all the unknown institutions that have virtual bank accounts will be banned.

The Vice Chairman of the Financial Services Commission (FSC), Kim Yong-Beom claimed for a local media that “Traders will not be allowed to make deposits in virtual accounts that have been opened in banks unless the name of their bank account matches the account name in the cryptocurrency exchange”.

Starting with February 2018, all the investors should create a real-name account. No more anonymity in cryptocurrency transactions.

[Brennus101]

It's possible the effects are not going to be very large. Ordinary investors in South Korea probably do not have a strong need to stay anonymous.

[amrulshare]

why should South Korea? how about japan
whether news from south korea really effects with bitcoin value, so far i still wonder about it. did you know South Korea has a lot of Bitcoin

[niisarearning]

For short term it may be bad but its really good for long term investors Crypto currency regulation much needed now its happening . For some days or month market will react for this then after normal trade starts.

[JTPhotography]

It will/is crashing the market, just like the rest of the FUD coming out of these third world dumps.

[hase0278]

It will/is crashing the market, just like the rest of the FUD coming out of these third world dumps.

It won't since they haven't banned crypto itself but they will only ban trader's virtual accounts made in banks if they don't surrender their anonymity. It will prevent them from having a username and a fake name and will expose their identities. It will not be bad for most of them though, and most of  those who don't want their identities exposed does not have enough holdings in crypto to cause market crash. There will only be a slight decrease in bitcoin's price after this even if many FUDs are due to come out.

[heureca]

What you think are the effects of this?


https://coindoo.com/south-korea-bans-virtual-accounts-starting-30-january-2018/

he wait is over for South Korean traders. Starting with 30 January 2018, all the unknown institutions that have virtual bank accounts will be banned.

The Vice Chairman of the Financial Services Commission (FSC), Kim Yong-Beom claimed for a local media that “Traders will not be allowed to make deposits in virtual accounts that have been opened in banks unless the name of their bank account matches the account name in the cryptocurrency exchange”.

Starting with February 2018, all the investors should create a real-name account. No more anonymity in cryptocurrency transactions.

Probably it is not so bad. We see that counties try to legalize criptocurrency. Of course, governments try to regulate it and exclude operations that out of law.