South Korean Cryptocurrency Compromise formula - No Ban on crypto trading but No more Anonymous trading (after 30 jan 2018)

Decentralized power of the people have won this round. Cheers!

The South korean finance minister Kim Dong Yeon has announced that his ministry and the govt. has no plans to ban or curb crypto trading.

This announcement has come in the aftermath of public wrath demanding the removal of the Justice minister and the finance minister himself from office, after they speculated in public about banning crypto trading.

while this will no doubt, have a Bullish effect on the overall global crypto industry ; however, after 30 January 2018, investors will no longer be able to invest anonymously in the crypto economy in South Korea.

As per Korbit and Bitthumb , Post January 2018, Investors will have to pass through detailed scrutiny (verification process) in order to be able to invest in the crypto economy . Also, foreign nationals will no longer be able to invest in these platforms in South Korea and investors will no longer be able to avail virtual bank accounts from Kookmin bank for crypto trading

This, in my opinion will have a slightly slowing effect on the industry in South Korea but will not impact much in the rest of the world

Conclusion : The struggle between Decentralized power and the Regulatory impositions by Centralized Goverments. will continue