The crypto-investors in south korea will be subject to fines for the use of anonymous accounts

The financial authorities in south korea said Sunday that those who invest in crypto-currencies must change the virtual accounts and anonymous accounts-identifiable information, under penalty of receiving penalties.

Bitcoin_Corée of the South/Source : Coinvedi

Accounts identifiable

In an article on Yonhap News, the financial authorities have indicated that investors and traders of crypto-currencies will be allowed to convert their virtual accounts into real accounts before the end of the month of January. However, if they do not, they will be forced to pay a fine. The amount of the fine has not yet been determined, says the article. This information seems at a time when banks in south korea have decided to progressively eliminate anonymous accounts of crypto-currencies. This decision is part of a plan announced by the government to put some order in a market of crypto-currency that is beginning to be saturated.

Shinhan Bank Logo/Source : Steemit

South Korea is still divided on the question of crypto-currencies

However, according to The Korea Times, Shinhan Bank said last week that it has no intention to introduce a service identity verification for deposits and withdrawals new accounts virtual. An official of the bank, Shinhan reported to have said : “We have developed a system to identify the customers who are using virtual accounts, in accordance with the government’s efforts to curb the enthusiasm for crypto-currencies. “Many local newspapers relate the fact that the south Korean government seems to again try to bring order on the markets of crypto-currencies. Indeed, recently, the minister of Justice proposed a bill to prohibit the trading on the foreign exchange market of crypto-currencies. Moreover, this announcement has brought the price of crypto-currencies. In addition, some users of crypto-currencies, and even some politicians, are block to ensure that the government does not adopt those measures of repression.

Source : Coindesk