Hi Steemitians,
South Korea is banning the use of anonymous bank accounts to make cryptocurrency transactions.
The move is aimed at stopping virtual currencies being used for crimes such as money laundering.
The regulations will bring the country closer into line with financial rules in other markets.
Click the below link
http://www.bbc.com/news/business-42784384
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This post has received a 0.63 % upvote from @drotto thanks to: @kishore1988.
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@kishore1988
I think it is more to get people to pay taxes they don't like these private accounts as they have no control over it .
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Governments trying to control crypto is similar to their attempts to control online streaming...it will fail! They cannot stay ahead of the technology to control it.
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alert the government kprea is true, but the korean government must make rules about bitcoin so that no misuse occurs.
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