Gov’t to require real-name transactions in cryptocurrency trading

December 28, 2017

SEOUL, Dec. 28 (Yonhap) — The government said Thursday it is banning the use of anonymous virtual accounts in cryptocurrency transactions as part of efforts to curb virtual currency speculation.

Hong Nam-ki, minister of the Office for Government Policy Coordination, made the announcement after a meeting of vice ministers from related ministries, saying the government “can’t let this abnormal situation of speculation go on any longer.”

Under the measure, only real-name bank accounts and matching accounts at virtual currency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned, Hong said.


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  2. Staff Nurse

    January 11, 2018 at 2:27 AM

    I am staff nurse and invested some money in cryptocurrency trading. But know government want me to give CA certificate which confirm that I am eligible to invest in cryptocurrency. Why government hrassing us

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    January 12, 2018 at 5:55 AM

    I remember teaching a class in January 2014 to a group of older ladies and the subject was Bitcoin. I hope someone made good use of the material. It was the first time they heard of it.

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