South Korea Announces Crypto Traders Could Face Fines Under New System (news.bitcoin.com)

The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned.
Also read: 

Bitcoin

Canada could become the world's bitcoin mining capital as China cracks down

China is home to the world's biggest bitcoin miners but is cracking down on the sector due to concerns about excessive energy usage. At the same time, Canada is actively courting bitcoin miners as regions like Quebec have excess power capacity. Other countries like Kazakhstan and Venezuela are …
Google Alert – bitcoin

A factor driving bitcoin's rally could be that people think owning it gives them social status

Analysts from Bernstein Research compared the recent demand for bitcoin to markets in China's anti-ageing medicine and high-end liquor. Their research considered the characteristics of a Veblen good — a product which gains its appeal from the social status attained by owning it. The analysts also …
Google Alert – bitcoin