VERY IMPORTANT - CRYPTO MARKETS STIRRING!!
Today, Jan. 23, markets are reacting a second time to news that South Korea will ban anonymous exchanges starting January 30, despite the fact that the information on the planned regulation has been available since late December and reported on since early January.
After the South Korea’s Financial Services Commission (FSC) today announced the date by which the country’s exchanges will be required to allow only ‘real-name’ trading, mainstream publications reported on the known move for a second time, unnecessarily increasing FUD in an already bearish market this week.
The move, which was reportedly initiated to curb speculation, requires that bank accounts used for deposits and withdrawals to virtual currency exchanges have matching, real-name accounts at the exchanges. The regulations will also ban the issuance of new virtual accounts to crypto exchanges.
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