South Korea to ban cryptocurrency traders from using anonymous bank accounts

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes.

Crypto prices dropped in large part due to news that South Korea and other asian countries were looking to ban crypto exchanges, still TBD on what's going to happen. 


Want to receive more content like this in your inbox?