South Korea announced ban on anonymous virtual currency trading

12月
10
2021-12-10 18:50
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As of December 10, Korea plans to ban all anonymous cryptocurrency companies in order to eliminate the use of cryptocurrency for criminal and money laundering purposes. The Korean government has announced a new law to restrict the withdrawal of Korean Koreans to non-KYC wallets such as MetaMask from March 2022. The administration has said there will be no mode restrictions after the deadline. In the future, when trading virtual assets such as Bitcoin or Ethereum, it will keep a record of “who sent and received it”, and exchanges can only be done on “Trade”. The administration also said the new rules would protect the tax exemption. (Piece of money)

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2021-12-10 18:44

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