Anonymous trading in South Korea ends today
Tax authorities have told South Korean exchanges to implement a system that automatically transfers transaction details of users trading large amounts for tax investigation at the same time as requiring them to undergo identity verification.
Korbit and Bithumb this week announced new account methods, according to Cointelegraph:
"Non-Korean nationals, both resident and non-resident, will not be allowed to deposit KRW at any domestic cryptocurrency exchanges when the new KRW deposit method is implemented. In order to comply with the identification and anti-money laundering regulations being enforced by the government, the current KRW deposit method will be terminated by the end of January 2018."
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