Coinpia Has Temporarily Suspended Its Crypto Activity

The South Korean cryptocurrency exchange Coinpia has suspended the ability to make deposits using the fiat currency as well as the trading activities
08 February 2018   1030

The crypto exchange Coinpia faced problems in complying with the new regulations, especially Know-Your-Customer (KYC) policy. This policy was implemented by the Finance Service Commission (FSC) in South Korea. It implies that the platform should have an access to the clients’ personal information such as user’s full name, residence address, citizenship, birth date, photo of government issued ID, social security number, bank statement.

At the moment, South Korean cryptocurrency exchanges have to respect new laws in case they want to continue trading. Every company is compelled to comply with the KYC law. Otherwise, they will have to block their provision activities.

Due to the lack of time the exchange was forced to suspend the trading activity in order to adapt to new country’s regulations. According to the company’s Executive, the Coinpia team will start to revise the personal system in order to meet government’s requirements.

Starting from 30 January 2018, all the unknown institutions that have virtual bank accounts were restricted. The Vice Chairman of the Financial Services Commission, Kim Yong-Beom, stated that traders are not allowed to make deposits in digital accounts if the name of their bank account does not match the account name in the crypto exchange.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 
 

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.