Post
Topic
Board Economics
Re: Cryptocurrencies aren't anonymous anymore
by
Reesefrias
on 01/02/2018, 17:28:02 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.

All cryptocurrencies are being exposed already worldwide, ever since cryptocurrencies introduced globally, it became famous in just a single snap, as you can see there are already advertisement online, media and everything, it is being investigated by all means by the government of different countries. I can tell you that cryptocurrencies has an open source already as well. It is not a secret or anonymous anymote. That's because of the power of meia and peopke who's  vulgar  giving details on it.