Post
Topic
Board Economics
Re: Cryptocurrencies aren't anonymous anymore
by
Pintasak
on 01/02/2018, 04:44:05 UTC
It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.

Monero the more anonymous bitcoin has been getting a lot of news as it is being used for many illegal purposes such as drugs and money laundering.

South Korea today, however, is increasing regulation on all cryptocurrency exchanges as reported by https://revoltmedia.org/south-korean-new-rules-on-cryptocurrency/.

South Korean laws passed this morning are now only letting South Korean exchanges accept users if the user has real-name bank accounts connected.

Regulations like this are the first of many soon to come that will try to take anonymity from cryptocurrency.

The South Korean government reasoning was to prevent.   money laundering and other illegal activities.  Yes it is not anonymous anymore because  its getting popular around the globe.Many investors and traders are getting more millionare because of its benefits.Many unemployed got jobs because of crytocurrencies.and we do hope so oťher countries will get familiar to it to use in there industry and economy.