GO AWAY FUDDERS
SOUTH KOREA ISNT BANNING CRYPTO CLARIFIED
Brandon Moore
Brandon Rivera
>six safeguards are being pushed forth for operating exchanges. Those conditions include confirming the user's real name, submitting proof of income, face-to-face interviews to meet strict Know Your Customer (KYC) policies, and providing cryptographic keys to establish anti-money laundering (AML) systems, as well as separating fiat accounts, supply sufficient investment warnings, etc.
>face-to-face interviews
How fucking long will it take to interview every single investor?
Robert Torres
Whatever the bare minimum can be. Probably just walk into the branch and talk to a guy and get an account.
Josiah Nelson
And this will not slow down growth? And I wonder how an American will do the interview in Korea
Justin Garcia
>The announcement follows Prime Minister Lee Nak-yeon's harsh warning that cryptocurrencies might "corrupt the nation's youth." Last month he urged regulators to create a task force alluding to crypto as a gateway to pyramid schemes and speculative investment if left unchecked.
salty nocoiner detected
stupid fat gook
Chase Kelly
I read that foreigners aren't allowed to invest in cryptos in Korea due to the upcoming regulations. Too lazy to search for the link.
Jaxson Fisher
>d
ithought this was already the case hence murifats not being allowed in icx ico.
Josiah Sullivan
holy shit give them my keys? or rather they "make" my wallet for me? this shit better not spread
Bentley Collins
30% or so koreans own crypto.You even get bonuses on your credit card like free btc, more lax there than anywhere atm.All they want to do is make sure they know whats going on with everyone.Shutdown all the crappy exchanges that wont do know your customer or dont even have an office.It will just become safer for people.Cryptos like icx will be loved by the government.
Cameron Barnes
>Account withdrawal limit .0001 BTC / month
>Please supply urine, semen, blood, and feces sample and schedule a formal penis inspection to receive Advanced Verification