South Korean Cryptocurrency Investors Face A Fines for The Anonymous Accounts
Assalamu Alaikum Dear Steemians As we know South Korea hasn't ban cryptocurrency . But the investors still facing problem.
South Korean monetary authorities aforesaid Sunday that cryptocurrency investors should modification anonymous virtual accounts to ones connected to their identity or face penalties.
The unknown authorities aforesaid that cryptocurrency investors and traders are going to be allowed to convert their virtual accounts to real-name accounts before the top of January, however if this can be not done, they'll be penalized, consistent with a Yonhap story.
The amount of the penalty has not nonetheless been finalized, the report indicates.
The news was declared as Korean banks move to terminate ANonymous virtual currency accounts in line with the government's declared conceive to calm what it perceives as an hot cryptocurrency market.
According to The Choson Times, however, Shinhan Bank aforesaid Jan. twelve it doesn't shall introduce AN biometric authentication service for deposits and withdrawals from virtual bank accounts – effectively ruling out the gap of recent virtual accounts, even with identification.
In different news, the Korean government once more seems to be making an attempt to calm the markets once the justice minister ventilated an idea to to ban commerce at cryptocurrency exchanges – an announcement that sent cryptocurrency costs slippy.
The workplace for presidency Policy Coordination aforesaid this morning: "The planned closing of exchanges that the justice minister recently mentioned is one in every of the measures instructed by the justice ministry to curb speculation. A government-wide call are going to be created within the future once spare consultation and coordination of opinions."
The conceive to halt commerce has been met with opposition from each politicians and therefore the country's voters, over 100,000 of whom have signed a petition tight that the govt step back from adopting the live.