Hello, this is Team Coinone.
On December 28th, 2017, Korean Office for Government Policy Coordination(OPC) and other government agencies coordinated a conference about cryptocurrency.
On the conference, [가상통화 투기근절을 위한 특별대책](Special measure for cryptocurrency ‘s speculation eradication) is released, and the main thesis are below. 1) Applying real-name system on virtual account which is used on cryptocurrency trading. 2) Penal punishment on crime related to cryptocurrency. 3) Proposal to Ministry of Justice in Korea closing exchanges which are limited to provide such service.
We received the reaction items based on the conference by financial agencies, and since we always want to establish a healthy ecosystem on cryptocurrency, we respect government’s decision and will apply to our platform. PLEASE note those policy changes below.
FIRST. Virtual account issuing for cryptocurrency trading will be CLOSED TEMPORARY. To apply Korean goverment’s policy for real-name system, virtual account issuing will be closed after December 29th,2017 24:00(KST).
SECOND, underaged-minors’ and non-Korea-residents’ trading will be limited. Currently, Coinone allowed underaged-minors’ trading on limited standard, which is based on legal representative’s agreements, but this also will be limited.
Details about this information is below - Underaged-minors: Whole service will not available - All underaged-minors’ account will be locked after January 5th, 2018 8:00PM (KST) - All subjected users need to withdraw all asset from January 1st to 5th, 2018.. - Non-Korea-residents (the one who are not live in Korea. Not Koreans who are live in Korea are not in this criteria) - Korea-residents/ Non-Korea-Residents are decided by usage on mobile phone country, so it may differ by government’s details about the criteria - KRW withdrawals are now allowed temporary, but will be closed(will notify as soon as possible with following notice).
Again, we promise that we try our best to to establish a healthy ecosystem on cryptocurrency’s market, and endeavor our best efforts to improve safeness and transparency on cryptocurrency industry.
We always appreciate for your understanding and try our best to our customers as always. Thank you. |