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January 15, 2018 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/07WEHB6pVGo/cryptocurrency-traders-in-south-korea-face-fines-for-virtual-accounts
Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts
An anonymous reader shares a report: Cryptocurrency investors in South Korea will be fined for refusing to convert their virtual accounts into real-name ones, financial authorities said Sunday. The move comes as South Korea is scrambling to rein in the virtual currency frenzy in Asia's fourth-largest economy, including preparations for a bill to ban cryptocurrency exchanges at home. According to the authorities, cryptocurrency traders will be allowed to convert their virtual accounts into real-name ones within this month, but those who refuse to accede to real-name identification will face fines.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/07WEHB6pVGo/cryptocurrency-traders-in-south-korea-face-fines-for-virtual-accounts
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