South Korea on Tuesday released a system that prevents the sale of cryptocurrency in the country with anonymous accounts to avoid money laundering and other crimes at a time marked by the efforts of States to regulate these markets.
From Tuesday South Korean investors will not transact in their virtual wallets unless the name of their accounts cryptocurrency matches the name of the bank accounts to which they are associated, as explained at the time the Commission Financial Services (FSC).
Now called 'anonymous accounts' (those with false names or do not correspond to the bank account) that have been used for the purchase of cryptocurrency will be disabled, as he explained at the time the FSC said in a statement.
The rule also prevents foreigners from buying digital currency houses South Korean exchange is part of the efforts announced by the Seoul government to curb money laundering and excessive speculation which have warned experts in markets of cryptocurrency the country.
It is believed that about 3 of the 50 million South Koreans have invested in electronic foreign exchange market, especially in popular bitcoin coins and ether. The new rule requires operators to share cryptocurrency exchange with the banks themselves movements that make investors, which could allow the future to Seoul taxing these transactions.
The South Korean government has raised the possibility of taxing investors and even prohibits the sale of cryptocurrency.
Falls 3% the entry into vigour of the law comes the same day that the Japanese Finance Minister Taro Aso, has highlighted the need to make stronger controls on exchange after the apparent theft of cryptocurrency worth 430 million euros of an operator Tokyo last Friday.
This Tuesday, South Korean markets cryptocurrency as Bithumb sported an explanatory message about the new law on its homepage which reflected falls of around 3 percent of Bitcoin or ether against the dollar.
The fall can respond to the possibility that banks now refuse to associate accounts with houses small change to avoid violating the new law and accept only do so with the main sites of local exchange as Bithumb or Upbit.
Fuente: 20m
