The government document leaked in early December read, «request banks and exchanges to ensure
underaged investors and foreigners can not open trading accounts on cryptocurrency exchanges.»
Disallow foreigners and
underaged investors from trading cryptocurrencies Properly regulate cryptocurrency exchanges as legitimate financial service providers.
These regulations include real - name trading and taxation, as well as forbidding
underaged investors and foreigners from trading.
Ensure
underaged investors and foreigners can not open trading accounts on cryptocurrency exchanges.
This, among other things, means that from January 20, South Korea will be banning foreigners and
underage investors from trading cryptocurrencies.
«Foreigners and
underage investors are banned from opening cryptocurrency accounts in South Korea,» the publication noted, adding that «The new system also requires cryptocurrency exchanges to share users» transaction data with banks.»
Not exact matches
One of the four areas of focus related to banning
underaged and foreign
investors from trading on domestic markets.