Jan 02, · The bitcoin price has come within touching distance of $30, this week, hitting $29, per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly. Bitcoin is . Bitcoin price forecast at the end of the month $, change for November %. BTC to USD predictions for December In the beginning price at Dollars. Maximum price $, minimum price $ The average for the month $ Bitcoin price forecast at the end of the month $, change for December %. All Data Bitcoin Price History in South Korean Won. Bitcoin Price. Bitcoin Market Capitilization. Bitcoin Regulation in South Korea. Breaking News, Choe Heung-sik, South Korea's Financial Supervisory Service (FSS) chief has just announced that the government would support cryptocurrency trading. According to recent reports the government has.
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For many South Koreans, one of those ways has been cryptocurrency investing. Considering how closely involved many South Korean investors are in the cryptocurrency space, it's no surprise that the broader world takes notice when the government threatens drastic measures. A loss of South Korean investment would necessarily have a major impact on bitcoin prices as well as those of virtually every other digital currency. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions.
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According to recent reports the government has declared it would support the cryptocurrency industry to develop in the country. He said, "The government will support [cryptocurrency trading] if normal transactions are made and will encourage the growth of the industry under know-your-customer KYC transparency. South Korea is one of the busiest places when it comes to bitcoin and other crypto currencies. The volume of bitcoin and number of transactions plays a significant part in the financial world of S.
However the S. Korean government are applying pressure to the 6 big banks in S. Korea having stated they will fine cryptocurrency traders in the country if they refuse to convert virtual accounts into real named accounts.
In a move to curb anonymous trading in crypto currencies the FSC has announced that from the 30th of January that only crypto currency trading will be allowed through real name bank accounts linked to crypto currency exchanges and has issued a 'guideline' to prevent crypto currency related money laundering.
Called 'Cryptocurrency-related AML Guideline', it is part of the government-wide effort to curb cryptocurrency speculation and prevent cryptocurrencies from being exploited for illegal activities.
Banks will switch to the Real Name Policy in Cryptocurrency Transactions starting from January 30 that only cryptocurrency trading through real-name bank accounts linked to cryptocurrency exchanges can be done. The last two being government run banks.
Koreans will, in all likelihood, simply go offshore to trade and current restrictions will probably not prevent the small amount of money laundering in crypto currencies compared to the vast amount transacted through major banks in the slightest as that would simply go back to using fiat currency instead.
This is being correlated with curbing fait money flowing into exchanges and exchanges using loop holes in existing regulations.