South Korea accounts for an estimated 20% of global bitcoin trades, with many Koreans placing large parts of their savings in cryptoassets because the country lacks high-yield investment options (paywall) for retail investors.
South Korea will require real-name crypto trading by the end of this month
As concerns grow over crypto-mania in the country, South Korea’s government is doubling down on efforts to rein in trading of virtual currencies like bitcoin. The latest move is making real-name registration mandatory for crypto traders. Today (Jan. 23), South Korea's Financial Services Commission announced that a real-name registration system will be implemented for cryptocurrency...
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