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

Re: So many salty nerds

[Mr307]

Nothing was made.

Some gambled and won, most will lose.