South Korea to Ban Anonymous Accounts, Tighten Hold on Exchanges

In a continuation of its regulatory machinations, the South Korean government has unveiled its latest cryptocurrency legislation. With its sights set once again on exchanges, officials want to curb the use of anonymous accounts and increase their control over exchanges overall. Perhaps in response to the news, the cryptocurrency markets fell overnight, with Bitcoin slumping 10%. South Korea Says No to Anonymity As originally reported by Reuters, South Korean officials have taken yet another regulatory approach to temper crypto enthusiasm among its citizens. On Thursday, the government announced that it would place a ban on anonymous trading accounts. The ban, which