Under the new rules, traders with the relevant accounts at their banks and crypto exchanges are able to make deposits and withdraw funds. New anonymous "virtual account" will also be banned under the government program and the requirements for KYC (know-your-customer) in the industry.
This is a Korean crypto mania, which Prime Minister Lee NAK-Yon called her "a pathological phenomenon" in late November.
Date of ban anonymous trade was made by the Korean authorities, a month after the inspection of multiple crypto exchanges, after the break in mid-December, the exchange Youbit in Seoul.
While the Korean government has not banned the cryptocurrency trading, a senior government official confirmed that regulators will "consider" closing crypto exchanges, if necessary, in the future. The proposal to direct ban was first proposed by the Ministry of justice of Korea in early December, although it was assumed that such measures will meet resistance from other legislators.