Cryptocurrencies aren't anonymous anymore

[Doozle]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

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[wantjokull]

The bitcoin was never the anonymous currency at all. It is called as Pseudo-anonymous currency and also it can be tracked down with little extra efforts. So I don't think that this is much issue that governments are going to regulate them and then we will get exposed about it. Thought they regulate it then its just good thing for us only and we can easily have access to our fiat and virtual currency at the same place. Juts because government is getting into the crypto currency with their legalities doesn't mean anything bad is happening with the crypto, its just that we will have to pay our taxes on time! 

[stompix]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

There is nothing leaving Bitcoin.
https://bitcoin.org/bitcoin.pdf

The traditional banking model achieves a level of privacy by limiting access to information to the
parties involved and the trusted third party. The necessity to announce all transactions publicly
precludes this method, but privacy can still be maintained by breaking the flow of information in
another place: by keeping public keys anonymous. The public can see that someone is sending
an amount to someone else, but without information linking the transaction to anyone.

Satoshi knew from the start that the coin will not be fully anonymous.

And that new rule from the SK central bank is not a game changer.
They are just linking your trading account to your bank account, mostly because from what I read one of the reasons was that there were a lot of traders sending money to different bank accounts with different names on them.

The new AML laws will not affect your privacy more than they did now.
You used your bank account just the same as before, they already knew that about you.
And when you buy the BTC, you can mix them using a service like Chipmixer and nobody will know which of the 16 million coins out there are yours.

A real change would be to make a requirement that all BTC users must tell the financial observers what are their addresses, to force them to use only those and to declare at the end of the year all the tx you have made and their purpose. But that would mean the end of crypto in the country that adopts this.

[just_Alice]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

When was the time that bitcoin was completely anonymous? You have an exact address and yes, nobody knows who does it belong to, but it's no secret that transactions aren't anonymous, so every address can be tracked and if you link it to something else - you're not anonymous anymore. As it was planned - for each transaction you should use new address, this would enhance your anonymity, but even such transactions can be tracked.

[ahmad21]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

I don't think your point is valid. No one really uses accounts from exchanges to perform illegal activities. Most of or All of the illegal activities and activities in dark world are carried out using btc in private keys which are still anonymous. You can anonymously receive and send it. Only a fool would use his KYC completed account to perform such things.

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

When was the time that bitcoin was completely anonymous? You have an exact address and yes, nobody knows who does it belong to, but it's no secret that transactions aren't anonymous, so every address can be tracked and if you link it to something else - you're not anonymous anymore. As it was planned - for each transaction you should use new address, this would enhance your anonymity, but even such transactions can be tracked.

Then I suggest you using any service like the Chipmixer or the bitblender. They are quite effective in breaking the trail of the bitcoin transactions and increase your anonymity.

[Butane]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

[Thanasis]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Bitcoin transactions cannot be monitored they only can monitor when you convert bitcoin into fiat or vice versa.But still transactions are fully anonymous.As you said crypto currencies can be used for illegal activitoes because it is fully anonymous.So nothing is leaving from bitcoin maybe the government will know how much bitcoin you have.

[The Iconoclast]

It's true, but with a little attention, you can keep your anonymity.
Of course, if you make just one single mistake you are done.
So, be careful...

[Tharel]

Bitcoin is pseudo-anonymous. One can hide his identity using nickname. However, almost all the exchanges now they ask you to verify your identity and so it’s a bit harder to be also pseudo-anonymous. And whenever you cash out your BTC, you need to provide your identity like your bank account and so your identity will be revealed.

[An0nyMoose]

Bitcoin was not never fully anonymous. There are other coins like Monero which are fully anonymous.

[Carlsen]

Transactions between normal wallets stay as anonymouse as they always have been.
What Sout Korea did was a regulative measure to prevent money laundering and to encourage the citizens willingness to pay taxes on the profit they make with crypto currencies.
Honestly I support such moves.
They help to create a positive image of crypto currencies in the public opinion.

[aardvark15]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

For US customers like me that are trying to comply with tax laws, cryptocurrencies are no longer anonymous. They are about as anonymous as a bank account. We have to disclose every buy, trade, and sell, so the government knows exactly what we own and how much. There is almost no way around it if we want to avoid trouble with the tax man.

[MCVXYZ]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

There is nothing leaving Bitcoin.
https://bitcoin.org/bitcoin.pdf

The traditional banking model achieves a level of privacy by limiting access to information to the
parties involved and the trusted third party. The necessity to announce all transactions publicly
precludes this method, but privacy can still be maintained by breaking the flow of information in
another place: by keeping public keys anonymous. The public can see that someone is sending
an amount to someone else, but without information linking the transaction to anyone.

Satoshi knew from the start that the coin will not be fully anonymous.

And that new rule from the SK central bank is not a game changer.
They are just linking your trading account to your bank account, mostly because from what I read one of the reasons was that there were a lot of traders sending money to different bank accounts with different names on them.

The new AML laws will not affect your privacy more than they did now.
You used your bank account just the same as before, they already knew that about you.
And when you buy the BTC, you can mix them using a service like Chipmixer and nobody will know which of the 16 million coins out there are yours.

A real change would be to make a requirement that all BTC users must tell the financial observers what are their addresses, to force them to use only those and to declare at the end of the year all the tx you have made and their purpose. But that would mean the end of crypto in the country that adopts this.

Anymore? If it was tatally anonymous,there'd be no bitcoin and everyone knows about this.In another situation there would be disbalance,because it would be the greatest threat to public safety/International genaral norms/society.How do you think,when satoshi was creating this he didn't know about legal norms?bitcoin is a genius invention and indicator of blockchain technology development,which does not violate any law and thats why developed countries don't want to ban it because its so attractive for people and for developed countries private interests is the most important.

[MCVXYZ]

Bitcoin was not never fully anonymous. There are other coins like Monero which are fully anonymous.

In my opinion thats not true...Despite the fact that exchanges can't see who has deposited monero on deposit balance and we have stealth addresses,+ring signatures its really hard to detect recipient but its not fully anonymous,its possible to get transaction information or get some pattern(for example by transaction time+etc.but its more difficult) if you have appropriate computer power but  you can't understand who is signatory.(6signature)I think its more difficult to identify zcash or Zenchash transactions than monero.

[777asianinvasian]

That is why you get into coins like Monero, DeepOnion, Dash, ZCash, and other anonymous coins, they will keep you hidden. And who knows maybe Bitcoin Core adds some privacy feature to their coin someday nobody knows. There are ways to protect yourself today, though you just gotta hop into some privacy coins.

[dogandogru]

Its true Bitcoin is not enough anonymous as it used to be. Central authorities are applying regulations like KYC verification before buying BTC from an exchange. Bitcoin popularity and growth is attracting govt. to form more rigid and strict rules on its trading which is making it more centralised in some way or other.

[mrcash02]

The government is well known as the most worthless and parasitic partnership someone can have,
and do you want to know the worse part of it? This partnership is a must!

With these regulations everyone will become their Crypto workers, having to share profit with them while they do nothing.
Only without the need to exchange money into fiat we will have the option to live near anonymity, otherwise they will keep ordering us anything they want, we will have to accept it and some others will blame us if we try questionating them about these regulations...

[Lanatsa]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Common reason for government to say into public which they do all these things for the sake of avoided money laundering and other illegal activities. Ive seen some business involved again on here since they do only accept users which do have real name bank accounts? It too obvious man and also having this regulation would entirely removed the anonymity.

[Mr.Shady]

Anonimity of crypto coins depend on the user. Like bitcoins, it is only pseudo anonymous but still the bitcoin holder is anonymous. You wont know who is exactly the person holding it.

[onpages]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

I think this is a concrete step to overcome some of these problems. and other countries need to imitate it.
and in my opinion, the most important thing is that we as bitcoin users should be able to control everything and do not do anything that can damage the image of bitcoin world, because I really hope that this technology will really be useful in the future.

[farhaan]

Bitcoin is just pseudo anonymous.Even if some countries force strictly to follow KYC, I still hope that there are more other options for bitcoin holders to cash out their coins behind the scenes unknown to the government authorities.

If still,any one wants to use bitcoin unknown to any one,then he could use mixer services to make their bitcoin transactions unknown to any one.

The government could not identify any bitcoin holder unless he sells his bitcoins for cash.It could still be sent to abroad P2P unknown to any one.

Monero and zcash were earlier welcomed much for their anonymity but they failed to get popular.

[budz0425]

What happened in South Korea is good for as long as they gave chance for their people, what they were just protecting is also their government as they don't want to to tolerate people for avoiding tax. It would be still anonymous as the transactions would be for bank to investor and investor to government only so other people still won't know who you are. But, the worst part is you cannot avoid tax anymore.

[jimrome]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

Bitcoin is not anonymous from the start and the white paper did not tell that it would be anonymous as it is a public ledger ,with the new regulations coming up none of the coins will be anonymous anymore because all the exchanges will be having your identification details.

[The_Dark_Knight]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Bitcoin and many other currencies were never meant to be anonymous that was a misunderstanding of the technology, you are as anonymous with bitcoin as with your email, no matter what you do you are going to leave a trail, with time coins that had anonymity at their core appeared, most notably monero and dash, but it is obvious such coins are the ones that are going to receive the most attention in order to avoid criminal activity in them.

[Agaton]

For me, even someone saying about bitcoin as being anonymous cryptocurrency, all I can say is more on positive result of bitcoin on which highly contibutes additional income worldwide to the people. Many years already passed by, but still bitcoin standing with a good condition on which many bitcoiners developed their living status, so, even bitcoin is anonymous but the total effects are highly good, so for me, bitcoin is the number one in my heart. Let's go and support bitcoin.

[Quonelet]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

I think it became famous and well known that the price went up too many times to make the world known. And all crypto is not exactly what it says it is no longer something anonymous except that its owner is unknown.

[BossMacko]

Cryptocurrencies like Bitcoin is anonymous because you can create lots of accounts in a gambling site without them knowing you, atleast that is where i think you can become anonymous. Unlike in other online gambling site you need to verify your identity before you'll be able to withdraw or register.

[Yakamoto]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Well they can sure as hell try to go after exchanges and force them to add individual's identities, all it will do is encourage the creation of the peer-to-peer exchange networks. It's a never-ending game at this point, they'll try their hardest to enforce some of these rules and it is just going to muck up the little control that they have already. It makes sense as to why SK is taking actions about this, though, since there is a chance that NK is using agents within the South to send money they might earn from cryptos back into their country. But that's just a conspiracy theory of mine.

[BillCoin]

Bitcoin has never claimed no be anonymous, and I think it's for good, as it is much easier to regulate something that is not anonymous.

Darknet usage rate in bitcoin is really low, darknet has moved to Monero and Dash, those coins are a good replace for bitcoin at the anonymous section, they are much more anonymous and untrackable.
Bitcoin offers variety of other things such as very strong network, anonymous is not one of them.

[xfaqs01]

not anonymous but pseudonymous, unless if you are reffering to privacy type of cryptocurrencies specially those that are TOR integrated platforms for complete anonymity like verge, onion etc.

[jaredl]

bitcoin has never been anonymous and has never hide your  transactions on the blockchain. If you had purchased bitcoin from any exchange that accepts fiat from your
bank account, then your identity is not anonymous. It will be easy to link your transactions on the blockchain back to your bank account.

This has been the spirit of bitcoin ever since the start. The only way to be anonymous with Btc is to buy your btc with cash and via peer to peer such as localbitcoin.
At this moment, to be anonymous you will have to use coins like Xspec, Monero etc.

With the growing regulations such as in SK, it will be even less anonymous.

i think there is a business case for privacy coins like monero and xspec..

[Rhaizan]

It's true, but with a little attention, you can keep your anonymity.
Of course, if you make just one single mistake you are done.
So, be careful...

For me keeping our info is good, because this is crypto currency as long as we don't do anything wrong we stay connected in bitcoin, and we  can earn bitcoin without knowing our personality because our info is too personal.

[Anteros]

The bitcoin has never been anonymous, like other crypto currency all this is a myth, somehow you exchange it for fiat and thus you open your personality. The whole issue is that it's harder to track down no more.

[NicG13]

This was always going to happen with increased adoption. But if anonymity is what you're after there are options out there. Have a look at DeepOnion.

[just_Alice]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

When was the time that bitcoin was completely anonymous? You have an exact address and yes, nobody knows who does it belong to, but it's no secret that transactions aren't anonymous, so every address can be tracked and if you link it to something else - you're not anonymous anymore. As it was planned - for each transaction you should use new address, this would enhance your anonymity, but even such transactions can be tracked.

Then I suggest you using any service like the Chipmixer or the bitblender. They are quite effective in breaking the trail of the bitcoin transactions and increase your anonymity.

Yes, that seems like a good decision. But how do you know you can trust them? In my understanding of how it works you kind of send your money and the address, where you want your money to be delivered and then website workers do that for you? How do you know they won't mistake, or just take your money. Or, in case it isn't done manually, there's still another problem: how can you be sure that you transaction story isn't kept? I know I'm being paranoid, but seriously, how do they prove it?

[tweetbit]

I’m good with it, regulation is necessary to strengthen bitcoin and giving the government a hand on controlling the illegal activities that’s is hiding beyond this anonymity. And I do agree they South Korea is making a big move for the security of investors money. It will also be a good indications from other business owners who value legality’s before adaptation.

[agentx44]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

The reason why cryptocurrencies are not anonymous anymore because there are so many people are posting in social media's like Twitter, Facebook, YouTube and etc. Telling that you can earn by sitting infront of your desktop and some news tells that bitcoin and cryptocurrencies are just scams and you cannot earn with it that is why many countries banned bitcoin.

[NeuroticFish]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Nothing have left Bitcoin. Bitcoin was never anonymous. Pseudo-anonymous means not really anonymous.
Only the ones too new in this could be surprised, really. And I bet you are not that new.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

US Dollar, the bill as anonymous as Monero, is even more used in illegal activities, however, you don't "advertise" that. And I can bet that gold is in the same situation too.


Now my question: who pays you to share this bad advertising (FUD) against cryptocurrencies?

[G2z_Riya]

Most of the cryptocurrencies were anonymous in nature, but these days the governments try to evade into the community and try to keep each and every activity related to cryptocurrency under their control. This is hard to regulate and if this gets effective the people won't feel bitcoin to be a better thing.

[boyshx]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

I don't think that the title is valid at all. Crypto currencies are anyway not anonymous because this is what bitcoin.org says here :

All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.

(Referred & copied from bitcoin.org)

With that said, I'm pretty sure same principle is followed by the different alt coins too. I can just easily scan the ETH address on the etherscan.io and checkout the balance, history of transaction and much more. So thats not anonymous at all.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

That may or may not be true but that doesn't change the facts of cryptocurrency principles like its anonymous, it can't be used for money laundering etc.

[Xester]

I’m good with it, regulation is necessary to strengthen bitcoin and giving the government a hand on controlling the illegal activities that’s is hiding beyond this anonymity. And I do agree they South Korea is making a big move for the security of investors money. It will also be a good indications from other business owners who value legality’s before adaptation.

Yes and considering that bitcoin price is a guaranteed investment and many are into it, it is okay for me that the government will regulate it.  It is for our own protection and that is what I have heard from the news.  It is just protecting our money and it just showing concern.

[miyaka26]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

And some exchanges that implemented the KYC compliance policy, title is a self-explanatory that cryptocurrency is no anonymous yet the Op stated some facts from a country who pulled off some exchanges to support the thread, it is not the coins itself who are not anonymous, you can still perform transactions not just in bitcoin but on any other coins as long as it is not requiring some information anonymously, some multi-platform web wallets and local exchanges already implemented this compliance in order to eliminate abuses.

[vv181]

All the government regulation could indirectly make cryptocurrencies aren't anonymous because it's forced the KYC verification for anything related to cryptocurrencies. But that doesn't mean the anonymity in the cryptocurrencies will end. that only the matter of choice neither it the people want to still anonymous or they didn't give a sh* for their own privacy.

[Jake.bluees]

The collective of cryptocurrencies were never anonymous at all, in fact there is a governmental control for its indirect use, but existing. What happens is that now, because they have created much more control, it has been revealed that we are not completely anonymous investors, I think that this is to control that there is no misappropriation of funds and at the same time to request government interest payments.

[Garret44eza]

Since now i think that BTC was 100% anon

[bitbunnny]

This is something that I'm saying for a long time now. Bitcoin has lost a great deal of anonimity comparing to early days. Different laws and regulations as well as many investigation techiques, available especialy to law enforcement, made Bitcoin and other cryptocurrencies more transparent and more traceable.
But I still beleive as long as you don't misuse them for illegal activities your privacy will be great deal protected but still don't expect to be anonimous.

[Baofeng]

This is something that I'm saying for a long time now. Bitcoin has lost a great deal of anonimity comparing to early days. Different laws and regulations as well as many investigation techiques, available especialy to law enforcement, made Bitcoin and other cryptocurrencies more transparent and more traceable.
But I still beleive as long as you don't misuse them for illegal activities your privacy will be great deal protected but still don't expect to be anonimous.

Correct, will all the government crackdown on bitcoin, its already lost a great deal of its supposedly psuedo anonymous features. Remember that in the beginning, bitcoin has no names attached, but now every exchanges should have KYC/AML and they can easily trace you back or investigate on what is the source of all your bitcoins.

[kryptqnick]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

First, sale is monitored NOT only on the Korean exchanges. I am using bittrex and I haven't withdrawn any money from my account so far, but I did get notifications that to do that I would be asked to provide full information on my real name, origin and date of birth. Secondly, South Korean exchanges are actually quite a big part of all the trading volume there is. It is hard to count it, but I would say that they have about 10% of the top coins' trading volume. That is not too big, but big enough to draw attention and lead others to panic selling for quite some time.

[legenduim]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

As I remember Russia also is going to do the same thing and let everybody who is dealing with cryptocurrency prodive his personal data. These changes can affect the market of crypto negatively. Do you agree?

[Pintasak]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent.   money laundering and other illegal activities.  Yes it is not anonymous anymore because  its getting popular around the globe.Many investors and traders are getting more millionare because of its benefits.Many unemployed got jobs because of crytocurrencies.and we do hope so oťher countries will get familiar to it to use in there industry and economy.                               

[faatipoke]

bitcoin was never anonymous, it can be traced easily. If you are using exchanges or spot markets to buy bitcoin, you are already known or can be known by authorities. bitcoin never claimed it is anonymous.
However there anonymous good coins in the market and monero is probable the best of them. If you need anonymous cryptocurreny, you need monero. Actually I do not need to be anonymous, all my earnings are legal so why need to be anonymous?

[iMark]

All the government regulation could indirectly make cryptocurrencies aren't anonymous because it's forced the KYC verification for anything related to cryptocurrencies. But that doesn't mean the anonymity in the cryptocurrencies will end. that only the matter of choice neither it the people want to still anonymous or they didn't give a sh* for their own privacy.

I have never seen or heard of a government requiring verification of data or kyc on bitcoin users in their country, maybe just some exchange sites and some online wallet only, but not all exchanges or wallets require verification of data in order to make transactions, so for now cryptocurrency can still be used for undercover and anonymous transactions, moreover there are some masternode altcoin, of course you can use that coin for the transaction and you will get anonymous identity

[Johnzky]

Transactions between normal wallets stay as anonymouse as they always have been.
What Sout Korea did was a regulative measure to prevent money laundering and to encourage the citizens willingness to pay taxes on the profit they make with crypto currencies.
Honestly I support such moves.
They help to create a positive image of crypto currencies in the public opinion.

i support you on that mate,cryptocurrencies playing lotsof money daily without taxes beinh input and users gaining without losing any amount from the government,this korean government moves is the best action to stop laundering and make some obligation for their people to give part of the income for the countries progress.and i salute them for this regulation

[ASHLIUSZ]

Yes it is not really anonymous in its development. It is completely pseudo anonymous as most users have mentioned in their post. Cryptocurrencies with anonymity as the major factor has been developed in several projects. Now, even the to keep track of the transaction which is completely anonymous is possible with a tool that has been developed after a long study of more than two years by bitfury.

[Kronos21]

Transactions between normal wallets stay as anonymouse as they always have been.
What Sout Korea did was a regulative measure to prevent money laundering and to encourage the citizens willingness to pay taxes on the profit they make with crypto currencies.
Honestly I support such moves.
They help to create a positive image of crypto currencies in the public opinion.

i support you on that mate,cryptocurrencies playing lotsof money daily without taxes beinh input and users gaining without losing any amount from the government,this korean government moves is the best action to stop laundering and make some obligation for their people to give part of the income for the countries progress.and i salute them for this regulation

All exchanges which allow you to withdraw Fiat require the provision of documents. Payment of taxes will not save users from trying to ban the use of cryptocurrencies. Anonymity of cryptocurrencies is an exaggeration. Any expert can identify the user if he is not trained to cover his tracks. Cryptocurrency is a direct competitor to banks worldwide. It is more concerned about the government than paying taxes.

[0t3p0t]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Yeah governments want to control everything we have. Everyone is exposed due to KYC in local exchanges and that is what they want from us because they are tracking every transactions we did and that is something like a security breach against our privacy. But if their purpose is for the good of the country it would be great but if they are just trying to create chaos against crypto community then we are losers. Regulating cryptocurrency is good but why not regulate fiat currency as it is the root of all evil ever since it was invented? Maybe because they might see that cryptocurrency can be a threat to the currency they are in. It could be that money laundering and illegal activities are just cover-ups in some corrupt countries and I don't believe it because fiat is widely used in those activities even before cryptocurrency exist.

[mOgliE]

Hi,

You know you are over-reacting, right?

New legislaton in South Korea may change things for South Koren users. Though, they can still use bitcoin, they just need to add a VPN to their daily routine.
Then, your post.. Actually you are pretending that bitcoin is no longer anonymous but there is nothing to support such statement.

I understand that you can be fed up if you are leaving in South Korea, but admit it, legislation is still lagging far behind what technology allows. And if you are not directly concerned, then why do you panic? Seriously, there is nothing worrying, people get more and more involved and that's exactly why governments are bothered.

So actually, that's a great news about the potential power of bitcoin!

[andeluna]

Hi,

You know you are over-reacting, right?

New legislaton in South Korea may change things for South Koren users. Though, they can still use bitcoin, they just need to add a VPN to their daily routine.
Then, your post.. Actually you are pretending that bitcoin is no longer anonymous but there is nothing to support such statement.

I understand that you can be fed up if you are leaving in South Korea, but admit it, legislation is still lagging far behind what technology allows. And if you are not directly concerned, then why do you panic? Seriously, there is nothing worrying, people get more and more involved and that's exactly why governments are bothered.

So actually, that's a great news about the potential power of bitcoin!

Bitcoin has been really powerful these days. Many people are getting engaged to it because of its power and capabilities. Nowadays, almost all of the people had already heard about cryptocurrencies and bitcoin. It is because of the people who became rich using cryptocurrencies that made crypto well-known.

[munareal]

Crypto currencies are not anonymous any more is a blessing in disguise. All those with bad intention can easily be gotten when they commit a crime. Their KYC is known and they can be traced with in no time and less stress.

[Tigerheart3026]

having the coin is not anonymous anymore as some ICO have KYC, but once the coins have gone to some exchange that dont need verification of identity the circulation will end to unknown.  you can send to ay address, and that will keep the identity of the recieveer. but why do we need to do KYC? isn't Mr. Nakamoto created cryptocurrency to make transaction anonymous and make the people to control this?

[bitcoinvamp]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Bitcoin was never anonymous as such it was just not known to many due to internet issues or lack of education about it . And yes it is way more popular now then it was before which has lead to many illegal works but that's not what the currency says a person to do with it. Instead of using it for betterment people find ways to abuse everything from where they find profit. Money laundering is very common in China and other countries which i think require various rules to make it stop .

[dvillier]

The crypto currencies are now very famous and very familiar to every one because people are taking interest in the crypto and they are earning very good. When some come to know from any source he start his hardship to start work with crypto and generate income from it. This process make crypto popular. And some crypto like bitcoin having high value are a good reason for the crypto popularity. due to the high value currencies like bitcoin more people take interest in the crypto currencies.

[khoa10b1]

  ::)Bitcoin will never shut down

[Reesefrias]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

All cryptocurrencies are being exposed already worldwide, ever since cryptocurrencies introduced globally, it became famous in just a single snap, as you can see there are already advertisement online, media and everything, it is being investigated by all means by the government of different countries. I can tell you that cryptocurrencies has an open source already as well. It is not a secret or anonymous anymote. That's because of the power of meia and peopke who's  vulgar  giving details on it.

[richmcrich]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

Definitely it is impossible for the bitcoins to reveal themselves. And if this happens in the future believe me there will be ending of bitcoins right away from that moment. There will be no chances for the batons to exist anymore if the decentralization is taken away from them. Like you have said, yes for some Korean exchanges there are some rules to monitor but still bitcoins are concealed from other persons.

[Kevin77]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

And some exchanges that implemented the KYC compliance policy, title is a self-explanatory that cryptocurrency is no anonymous yet the Op stated some facts from a country who pulled off some exchanges to support the thread, it is not the coins itself who are not anonymous, you can still perform transactions not just in bitcoin but on any other coins as long as it is not requiring some information anonymously, some multi-platform web wallets and local exchanges already implemented this compliance in order to eliminate abuses.

Even bitcoin itself is pseudo anonymous and obviously, you can still stay anonymous as long as you want to. Like you said, what OP is getting wrong is that this is not about cryptocurrencies but about exchanges.

If government is going to be doing any regulation, that balls down on exchanges and as long as anyone feel they can stay out of exchange, spend their crypto without converting to fiat, which at least for now, unless you are purchasing something from a crypto enthusiast, it is impossible to do. So with that, I guess we are bound to exchanges and regulations.

[The_prodigy]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

I still believe that the greatest strength of cryptocurrency would be its ability for an anonymous setting. However even if this is true I think that the people would still be into it just because that its hogh value is something that people would continue to flock towards and would use for payments as the government wild want a lesser power in its anonymity

[katiecbell]

I’m good with it, regulation is necessary to strengthen bitcoin and giving the government a hand on controlling the illegal activities that’s is hiding beyond this anonymity. And I do agree they South Korea is making a big move for the security of investors money. It will also be a good indications from other business owners who value legality’s before adaptation.

Yes and considering that bitcoin price is a guaranteed investment and many are into it, it is okay for me that the government will regulate it.  It is for our own protection and that is what I have heard from the news.  It is just protecting our money and it just showing concern.

The thing is that people are really interested and fascinated by bitcoin and other digital currencies because of their decentralized nature. It is not that they don’t want to pay taxes or are totally against the regulation of currencies, the point is lack of trust on governments.

People are not sure about the usage of money paid in the form of taxes for progress and development of the state. I personally feel that regulation will decrease investment.

[manismanja]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

it seems that bitcoin still remains anonymous because if you look at https://blockchain.info/unconfirmed-transactions there are lots of ongoing transactions but you do not know who owns the wallet, so I think cryptocurrency bitcoin is still very anonymous maybe the others are different .

[Sled]

As far as i know, it really depends on the cryptocurrencies that you are using to determine if you are anonymous or not. If we will take bitcoin as an example, i can say that you are not totally anonymous with bitcoin because with bitcoin they can see your transaction in the internet without any difficulties but the only thing that makes you anonymous is the personal information of the sender is not visible like the IP and the person behind it but other coins are totally anonymous which is the best for the illegal persons.

[Rulelies]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Well this is a situation of government trying to protect their people from fraud and illegal activities. I am of the opinion that whatever the citizen and government of a country agree to do, let them do it. It's their country after all.

[Yakult]

Coins are not really anonymous, people just don't take interest until they saw the value and benefits here. I admit that few years ago when a saw bitcoin for the first time I thought it was a scam. But then bitcoin suddenly takes the mainstream because of this unbelievable rising. This is also one of the reason why others coins are getting popular.

[intoy_victor]

Cryptocyrrency is really not anonymous, because of spreading deceptive ads in social media  people only knows that crypto is scams only. They don't trust until they saw the proof how to earn in crypto world.

[cryptoalfs76]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Being an anonimous person  now,in the world of cryptocurrency is still excess, but there are some other circumstances also,that you must past a kyc for claiming your coins when you are a bounty hunters,or when you sign in some exchange trading that need to pass a kyc form,thats why there some countries need those exchange trading to pass there real name and account to prevent using  the money in laundering or another illegal activities, so therefore i conclude that the sanctity of being anonimous is still there,but its only depend of which country that you belong.

[nitrousteam]

What a clickbait title ! Anonymity is not leaving Bitcoin ! You can still buy your bitcoins with cash and get covered without any problem ! Only sale is monitored on South Korean exchanges, which represent, let me remind you, a very minor part of the world volume.

Nothing has changed in the transaction monitoring till now. Government tracked the transactions before and is tracking the transactions today. They cannot track the transaction transfers between the crypto wallets but they can track the transaction to the FIAT. There are even more exchanges then before and because of that monitoring is inevitable.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
There are more criminal activities than before and because of that authorities are suspecting on the crypto holders but that is actually the deceiving of the populations because the FIAT is actually the main asset for the money laundry and that same monitoring of the cryptocurrencies is actually a masked attempt to hide the money laundry that the government is doing.

[dmamigo]

Anonymous still for people, common user like us. Government and people with resources may be able to track, but for us its tough. Its pseudo-anonymous, actually anonymity was taken for granted by crooks, so it was important for Government to breach anonymity feature and try to find crooked activities and the people behind them. Actually its not necessary, the feature of decentralized transaction is more than enough, anonymity is not a factor.

[Best Dreams]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Being an anonimous person  now,in the world of cryptocurrency is still excess, but there are some other circumstances also,that you must past a kyc for claiming your coins when you are a bounty hunters,or when you sign in some exchange trading that need to pass a kyc form,thats why there some countries need those exchange trading to pass there real name and account to prevent using  the money in laundering or another illegal activities, so therefore i conclude that the sanctity of being anonimous is still there,but its only depend of which country that you belong.

Well country does not matter at all because bitcoin can be anonymous in every country, people who want to trade high amount in bitcoin are spreading this new and they are highly exchanging bitcoin now just to discourage people, so they will sell to make market down nothing else, bitcoin is anonymous and no one can trace or know about bitcoin crypto currency so no needs to listen these fake news I think it is good to hold your bitcoin with patience soon you will know the reality by yourself you just hold and wait to watch the coming news about bitcoin.

[denny27]

Yeah and anyway from something new such as crypto, it will become increasingly recognized and increasingly highlighted by a various parties/many people including governments of each country. Indeed, many activities that smell negative about it, and until the government must indeed be able to protect these actions. But of course it depends on the ability of each country, the purpose that's make to be not anonymous., The point is for the security and welfare of citizens.
The more days the all activities related on crypto., indeed seems needs to be protected to avoiding a negative impacts to the country, especially at this moments is getting more popular and really familiar among many people, many efforts that's of course would be to do with a various purposes by many people including a negative activity.

[JMD07]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Nothing is permanent in this world and cryptocurrency is not exempted on that. Yeah that the hardest thing to accept if your affected with the changes. Doing KYC is a protection or security measures that digital currency can't be exploited by the those people wants to use it in illegal business. Which I think is a good idea to attract more investors in cryptocurrency.

[Pancheng]

It is now becoming issues also on CNN watching the new that Trumps disallowing his fellow country man not to but in Venezuela coin for some reason, and many news about cryptocurrency is showing up on local Televisions.

[cloudproject]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

sometimes it needs a little regulation for bitcoin in some country, bitcoin is not fully anonymous it can still be tracked but the goverment just preventing for someone in the goverment or people  not using for corruption or covering from the tax

[doge_shit666]

Well today the Crypto market is not anonymous anymore. But still some people have fake identification papers to declare when KYC. But anyway, there are some who have made clear the information, and Crypto is trying to promote transparency and clarity. So we can not say Crypto is anonymous anymore.

[mOgliE]

Hi,

This changes nothing. Well, it may oblige people to go through several accounts/wallets before being able to make any transactions. But that is definitely not a huge change.

And: this is only for South Korea. Ok, the bitcoin community is huge there but still... That's only one country. Reading your title, I though the topic would be about a technical change. No a simple regulation...

[fritzbird]

That's the price to pay when it becomes so popular and governments take notice. The bigger demand and
supply creates a new condition that draws interest and notice. Regulations bring about the beginning of
anonymity's end, It's the required change that is inevitably forthcoming to take cryptocurrency to the next
height in the financial market. We should study and learn to adapt, because it will come. But with this
new added feature, it's likely insured that cryptocurrency will survive and be more productive in the future.

[Ahiaba]

Adoption of crypto currency by the government is very important and at the same time it come with its own challenges like the one you just mentioned. In addition to that connection with the bank account in the in which government will be able identify every owners of crypto currency to make sure every crypto currency earners pay their tax.

[wxa7115]

Hi,

This changes nothing. Well, it may oblige people to go through several accounts/wallets before being able to make any transactions. But that is definitely not a huge change.

And: this is only for South Korea. Ok, the bitcoin community is huge there but still... That's only one country. Reading your title, I though the topic would be about a technical change. No a simple regulation...

Exactly it is not like we are forced to use exchanges, if you care about your anonymity you could sell and buy your coins in localbitcoins using face to face trades it is risky but if you care that much about not revealing your details to some other people then that is something that you should do, so it doesn't matter how many regulations they put in place there are always going to be ways around them.

[pleght]

I agree with what you say absolutely.The anonymity in the market has diminished.Stock exchanges and icolar are demanding kyc for entry.

[jerry3k5jamiso1]

I agree with what you say absolutely.The anonymity in the market has diminished.Stock exchanges and icolar are demanding kyc for entry.

Anonymity in cryptocurrency is still highly appreciated. Some ICO projects have recently asked KYC to verify the identity of the investor, which is a good way to limit the fraud and speculation of large investors who want to dominate a particular crypto. For long-term and sustainable development, I think that cryptocurrency will also be gradually recognized and managed to limit risk to investors.

[k00d8]

I have always wondered about this anonymity question. I guess there is still a great deal of anonymity but it is not absolute. Indeed because many times you are asked to provide ID. But in any case, I have some questions about anonymity in the context of claims regarding transparency - don't the two contradict themselves?

[p i e c e]

The question of the anonymity of cryptocurrency is a question of the degree of their anonymity. It seems to me that the full anonymity of cryptocurrencies is more a dream than a reality.

[Dragon5]

As soon as most of the considerable platforms are owned by bankers, there's no other way. We know Binance has accepted an offer from Malta to base there. But Malta is run by the biggest banking companies, which are already occupying crypto trading platforms.

[ROB18]

I don't think bitcoin or any cryptocurrency is anonymous in the first place. Imagine the way blockchain was working. It can track down all the transaction with reference to the particular contract address or wallet. Blockchain was done this way for the transaction to be made public but no one can have control over it aside from the user itself you have the private keys and password access. At some point, address information can be learn who owns it.

[jeremypwr]

Very true statement.  People tend to associate btc and other crypto currencies with being a way to hide money to do anonymity, which couldn't be further from the truth.

[Indrawan77]

Yeah everything has been change, but from the beginning bitcoin not totally anonymous, all the transaction still could be tracked but it's harder to track, and now with the reason of people using crypto for illegal  activities the government has been created regulations to control the crypto usage, I cant blame the government to create this regulation because it means to protect the country from harm

[nur rochid]

I don't think bitcoin or any cryptocurrency is anonymous in the first place. Imagine the way blockchain was working. It can track down all the transaction with reference to the particular contract address or wallet. Blockchain was done this way for the transaction to be made public but no one can have control over it aside from the user itself you have the private keys and password access. At some point, address information can be learn who owns it.

i think for the full identity of wallet holder can not be known, because blockchain is anonymous, whereas we can only see other people's transactions in the form of wallet address

[Burogh]

It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent money laundering and other illegal activities.

Bitcoin for transaction still anonymous if we store it on bitcoin wallet. Exchanger need legal document because government regulation. I think its very different between storing our bitcoin on exchanger and storing our bitcoin on our cold wallet.

[ivanst776]

This is due to KYC "know your customer" process of many ICO. this is really a threat to security and identification of any person who joined the ICO, but this is the way that ICO to know the customer where from. As we see U.S.A and other countries are not eligible anymore to participate on an ICO. some exchanges have KYC too which the founder and creator of BITCOIN never wanted. he created bitcoin a cryptocurrency to make people transact and earn anonymously.

[Daveeoff]

I never saw it as anonumous currency. That was just a marketing trick. There will be some actually anonymous crypto currencies in the future tho.