South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
That is a step which could have come lot earlier but now that the frauds cases have gone high,it was about to come and i am glad that it has come.See KYC for ICO is also necessary and will come with time but money involved in trading account account is lot higher than ICO and if we look at the bigger picture it is a positive step and a necessary one.Lot of frauds will be reduced both by consumer as well as trading sites as government will have an eye on them.