South Korea: to cryptocurrency exchanges No anonymous transactions

[CryptoGirl]

According to the South Korean news agency Yonhap.

The South Korean government announced today it will move to prohibit domestic cryptocurrency exchanges from allowing users to make transactions through anonymous accounts

It came just after an hour since the head of South Korea’s financial regulator warned against the bitcoin bubble during a meeting with the press.

"I bet the bubble in bitcoin will burst later," said Choe Heung-sik, the governor of the Financial Supervisory Service (FSS).

the news source said that only accounts with real and matching identity can be allowed for deposit and withdrawals.

The government's ban on using anonymous accounts, effectively a mandate that exchange providers perform know-your-customer (KYC) due diligence


http://english.yonhapnews.co.kr/news/2017/12/28/0200000000AEN20171228005651315.html