Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

Bitcoin.com ---------- South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system. One month after the implementation of the government-mandated real-name system, the conversion rate of virtual accounts from the old system to the real-name system in South Korea is only 19%, No Cut News daily newspaper reported. “There is still a large number of investors who do virtual currency trading without [the] real name change.” To learn more click on the picture below to read the article.