I would like to share a recent information about South Korea, which created a system that prohibits the purchase and sale of cryptocurrencies, in order to avoid economic fraud, among them we can talk about what we are always used to and tired of seeing and listen, such as money laundering, drug trafficking, improper uses of foreign currency that are aimed at terrorist attacks and misdemeanors.
This news is somewhat overwhelming because it means that for investors in this country can not make transactions at the virtual level, with the exception that your wallet is associated with the issuing bank of which the person is affiliated, and apart the accounts that are anonymous as the accounts that do not have real names that are not associated with the bank, these will be blocked or unusable.
But, people who are not affiliated with a bank? What can they do? Well, it's a law that applies to the richest or the most well-off, and who wants to emerge and grow can not, because the system simply does not allow it, if we think of DeepOnion, we would be speaking that transactions can be made without danger, but, why? Very simple, DeepOnion works every day and is updated in anonymity, it offers the best privacy service, the onion guarantees that it can not be tracked, that is why it is the best option.
It is necessary to emphasize that DeepOnion is developed under the Tor network and now with the Integration of OBFS4 can easily those countries that have been blocked to use cryptocurrencies, they can already do it and enjoy making the anonymous transactions without leaving a trace through DeepOnion. This is as if DeepOnion has seen the future and came forward to offer the best solution, I believe that South Korea is one of the best candidates to continue working with cryptocurrencies but guaranteeing their privacy, and this is offered by Onion .
Image 1. Representation of the Tor network in binary code. Source: deeponion.org
In the news have stressed that foreigners can not buy digital currency in exchange houses in South Korea, of course this is what the government has tried to do to prevent the alleged flight of capital and speculation, but what to do with all the people who have invested in cryptocurrencies? Because they may not have been able to invest in DeepOnion, which will be the best cryptocurrency in the world in the not too distant future, the South Koreans could have invested in bitcoin or ethereum and it is obvious that they do not want to lose, therefore the most advisable is to pass this investment to an anonymous cryptocurrency that generates security and confidence and DeepOnion is the best option, since another cryptocurrency may run the risk of being tracked.
For South Koreans the rule is also that operators of exchanges of cryptocurrencies allow the information of transactions to be shared with banks, to be able to tax transactions and thus collect taxes from investors, this law allows them to prohibit the purchase - Sale of cryptocurrencies when the government determines it.
For the South Koreans, the new laws indicate that also the operators of the exchanges of the cryptocurrencies must allow that the information of the transactions is shared with the bank to be able to tax the transactions and thus be able to collect the taxes of the investors, under which the The law allows them to prohibit the purchase and sale of cryptocurrencies when the government considers it necessary.
Image 2. Representation of the Minister of Finance of South Korea, dictating its law. Source: Google.
This news has been taken by the exchange houses of the country where a statement explaining the new laws appears, this has brought as a consequence the fall in the market of bitcoin, ethereum with respect to the dollar, the banks in this situation know that it will not work because investors are going to resort to making their money withdrawals with local exchange houses, in this country Bithumb or Upbit operates.
All people like to manage their money, and in a country where they have been with a culture of financial freedom where many people are used to this technology, I do not think they accept to operate under these regulations.
In DeepOnion we stand out for doing a great job and being very serious with what we offer, with other cryptocurrencies there is the possibility of tracking and viewing all transactions through the blockchain network, with the onion you will not only be impossible to track, if you have documents or files that you do not want the government or bank to know you have, through DeepVault you can protect them without alterations or allow minimal changes in what is saved, it is much better than Bury a treasure or keep it in a safe of a bank.
I invite you friends from South Korea to visit us on our website: https://deeponion.org and also on the official twitter account: https://twitter.com/DeepOnionx, believe me you will like the experience, not only for operate with onions, if you delve into the forum, you will discover the incredible community with which we share every day, where the moderators and developers are great people, who respect and assert your ideas.