Guidele-ines by South Korea for cryptocurrency Exchanges

South Korean government releases guidelines for regulating investment and trading in Crypto market to avoid money laundering. These guidelines focus on new government-mandated real-name account system. Currently banks are issuing virtual accounts to crptocurrency exchange customers for depositing and withdrawing money and now from 30th January real name system will become live for deposit and withdraw for cryptocurrency accounts. All the virtual accounts will be converted to real names and the new members will be added only when the identification procedure completes.