South Korea Still Allows Crypto Trading, After Thorough KYC

South Korea is preparing a bill to ban anonymous cryptocurrency trading and exchanges must toe the line with customer transparency.

In a sudden reversal of policy, the South Korean government announced on Thursday that a bill is afoot banning anonymous cryptocurrency trading, sending a ripple effect across the digital currency market as police and tax authorities raided exchanges on suspicion of tax evasion.

In my opinion, goverment should allow cryptocurrency trading with tax regulations. if any person earning should ideally pay tax on extra income from trading. It should be in line with current trading system of any country.

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