There is a HUGE concern about money laundering with fake accounts or accounts with no identity verification.
MAKE SURE all your accounts have been verified.
STICK WITH MAJOR EXCHANGES as a lot of smaller exchanges will be shut down in the process.
IT IS ALWAYS SAFER HAVING YOUR FUNDS IN COLD STORAGE (eg. nano ledger, trezor, paper wallets, etc.)
(do your homework on your exchanges; where it is based, what kind of security it offers and if it is following government regulations that they reside in)
Image from Altcointoday.com
There is also a HUGE CONCERN regarding number of exchanges growth over the past month ALONE!
There has been huge number of complaints about funds stuck during deposits/withdrawals and lag during trades where exchanges themselves cannot keep up with number of transactions itself.
For more details check out news.com.au:
http://www.news.com.au/finance/economy/world-economy/south-korean-government-to-introduce-tough-new-bitcoin-rules-following-abnormal-speculation/news-story/5e3f51d3c79756e8945a4ef124d484fe
This will soon be over as this is a great opportunities for many undervalued coins to finally rise!
But do invest with caution! This process also weeds out many scam/useless coins!!!
This information should not be taken as as investment advice and merely treated as entertainment purposes only. Invest what your prepared to lose!
Merry Christmas and Happy new year everyone!
CryptoZen
