8% of S. Korean Cryptocurrency Accounts Verified

8.21% of the total accounts had been converted to real-name bank deposits
06 February 2018   676

About 8% of virtual bank accounts for cryptocurrency trading have been converted to real-name bank accounts, a week after the government ended anonymous trading of cryptocurrencies, industry sources said Tuesday. It is reported that 143.300 virtual ledgers for cryptocurrency trading, or 8.21% of the total accounts, had been converted to real-name bank deposits.

The real-name trading system, which came into effect from Jan. 30, is part of the government's latest measures to prevent cryptocurrency from being used for money laundering and other illegal activities.

Currently, people can buy or sell cryptocurrencies through their virtual accounts, but they must comply with the real-name trading system if they want to pour new money into cryptocurrencies or withdraw money from these accounts.

We have recently reported that South Korean cryptocurrency exchange Coinpia suspended trading and deposits after it was unable to implement a customer identification system in line with a recently enacted government mandate.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.