Korean regulators mandated the use of a real-name trading system from January 30 wherein cryptocurrency traders and investors are required to use their real names with their cryptocurrency exchange accounts or wallets and bank accounts, a move to put an end to the anonymous trading of cryptocurrencies. While anonymous account holders can continue to buy or sell cryptocurrencies using their holdings via virtual accounts, any new cryptocurrency purchases or withdrawals in fiat will require compliance with the new KYC rules. (Source:
https://ccn.com/south-korea-govt-will-support-cryptocurrency-transactions-financial-regulator/ )
South Korea has shown a welcoming support to the crypto since the very beginning of 2k18 and may be earlier as well. They have devised some great rules and regulations for the operation of the crypto in the country. the country is actively moving towards licensing many crypto currency exchanges in order to further foster its growth!
