Cryptocurrencies aren't anonymous anymore

[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.
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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.