Investor frenzy has worried the country’s authorities, who are concerned about growing speculation—and the risk investors could lose money from sharp price declines or from cyber attacks on digital currency exchanges.
South Korea’s government announced tougher measures to crack down on cryptocurrency trading in the country and said it is considering shutting down the nation’s bitcoin exchanges, stepping up its attempts to curb widespread investor speculation fueling the market.
New proposed legislation in Korea will ban the use of anonymous cryptocurrency accounts starting next month and prevent banks from providing settlement services for unidentified digital-currency trades on bitcoin exchanges, according to a statement from the government…
