Post
Topic
Board Economics
Re: Cryptocurrencies aren't anonymous anymore
by
Best Dreams
on 22/03/2018, 09:13:11 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.
Being an anonimous person  now,in the world of cryptocurrency is still excess, but there are some other circumstances also,that you must past a kyc for claiming your coins when you are a bounty hunters,or when you sign in some exchange trading that need to pass a kyc form,thats why there some countries need those exchange trading to pass there real name and account to prevent using  the money in laundering or another illegal activities, so therefore i conclude that the sanctity of being anonimous is still there,but its only depend of which country that you belong.
Well country does not matter at all because bitcoin can be anonymous in every country, people who want to trade high amount in bitcoin are spreading this new and they are highly exchanging bitcoin now just to discourage people, so they will sell to make market down nothing else, bitcoin is anonymous and no one can trace or know about bitcoin crypto currency so no needs to listen these fake news I think it is good to hold your bitcoin with patience soon you will know the reality by yourself you just hold and wait to watch the coming news about bitcoin.