The country’s customs service said in a statement on that about USD 596.02 million worth of foreign exchange crimes were detected. The Asian country has adopted a tough stance on regulating cryptocurrency trading as many locals, including students and housewives, jumped into a frenzied market despite warnings from policy makers around the world of a bubble, the online publication continues.
Effective from January 30, authorities will allow only real-name bank accounts to be used for cryptocurrency trading designed to stop virtual coins from being used for money laundering and other crimes.
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