Reading the news is something to be happy about though but it actually sends some message and even a further anonymity being wiped away gradually in our own eyes.
1. It shows that South Korea have a major stake in bitcoin and every of their actions over there will affect the price no matter how bad that is but that is the current situation about that.
2. The mentality of my details is not known to government is to be eradicated because for banks to be fully ready to be integrated based on the article then shows that information will be synchronized and if their banking system is like ours, every bank account you own or about to open is already synchronized to you. No where to hide. Again, it means the people from South Korea should be ready for another new round of KYCs to be filled if they want to continue their crypto activities.
In all, lets not rejoice because the free hand at this time is not permanent as there will still be more to come. Policies will be reviewed and tightened as we move on because government have then realize the potency of their power over crypto market.
