Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts (yonhapnews.co.kr)

An anonymous reader shares a report: Cryptocurrency investors in South Korea will be fined for refusing to convert their virtual accounts into real-name ones, financial authorities said Sunday. The move comes as South Korea is scrambling to rein in the virtual currency frenzy in Asia's fourth-largest economy, including preparations for a bill to ban cryptocurrency exchanges at home. According to the authorities, cryptocurrency traders will be allowed to convert their virtual accounts into real-name ones within this month, but those who refuse to accede to real-name identification will face fines.

Comments

So many salty nerds

[Anonymous Coward]

99% of the anti-crypto-currency posts on here are from nerds that missed the boat and are pissed that their friends are paying off houses and driving fancy cars from small investments made just a couple years ago.

Even if you think that BTC/Crypto is a crazy tulip bubble, that doesn't change the fact that a $100 investment in eth a couple years ago would be worth $375k now.

There are still cheap coins with potential, there are still opportunities. Accept that you missed a couple boats, that doesn't mean you have to sit on your island and scream over the empty water.

Re:Wrong move South Korea

[Anonymous Coward]

This article is not about banning crypto, it's about fining traders who don't convert their virtual accounts into real-name accounts. I'm surprised it took the Korean gov't this long, what with their real name requirements for general internet use.