Letter #32. China move to close ‘exchange-like services’

China
Bloomberg: after banning cryptocurrency exchanges, Chinese authorities move to close ‘exchange-like services’.

The move is allegedly in response to an “uptick” in trading activity. Chinese investors have sought to circumvent September’s exchange ban by resorting to alternative trading environments such as peer-to-peer platforms and over-the-counter deals.
https://goo.gl/1JTrPR

South Korea
South Korea clarified its position on crypto regulation:

• traders have to use their real names for cryptocurrency trading accounts, the requirements will come into effect by the end of this month,
• a ban on cryptocurrency is not in the works and government has yet to come to a final decision.
  https://goo.gl/o5VtUa