South Korea to Ban Privacy Coins from Q1 2021
Privacy coins like Monero (XMR) and Zcash (ZEC) will become illegal in South Korea from Mar. 2021.
The news is the latest assault on encryption and privacy as regulators enact laws targeting such protocols amid intensifying anti-money laundering (AML) efforts.
According to an Asia Times report on Nov. 18, South Korean regulators are set to ban privacy coins. From Mar. 21, 2021, crypto exchanges in the country will no longer be permitted to list privacy-focused crypto tokens like Dash (DASH), XMR, and ZEC.
Learn more about the news
here.