Starting January 30th korean banks will start to facilitate the use of crypto & everyone is required to take their crypto & bank it. Because of this, they are requiring that your name on your bank account matches your crypto exchange accounts. Anyone linking their crypto to the banks will also be giving the banks/government the ability to be able to read and track your transactions!! Moral of the story Korea is fudging them over!!! Taking away the most fundamental and exciting aspects of crypto. The freedom!
If someone asked me to define cryptocurrency I’d say that it is that it’s bankless, decentralized, peer-to-peer, and private.
However, kudos to South Korea, for they are leading the way in regulating and accepting cryptocurrency.
