South Korean regulators are suggesting a crackdown on cryptocurrency markets, which sent global digital currency prices into a nosedive. The government officials’ plans may be to stop anonymous cryptocurrency trading, instead of trading the virtual currency as a whole.
“The Korean government is requiring Bitcoin traders to do so under their real name, not anonymously,” says Finance Professor Geoffrey Smith,
W. P. Carey School of Business at Arizona State University.
“If the purpose of this is to protect their citizens from deception, fraud, or theft, then it is good,” continues Professor Smith.