South Korea crypto drama has shaken up the world in the beginning of the year. We all remember the steps that the South Korean official took to put regulations on the cryptos and, as we can see in the last couple of days, the crypto world really doesn’t like to be regulated. Although the today’s price for Bitcoin is hardly telling about the recent loss ($8150 per coin), the South Korean story doesn’t seem to be over, so there can easily be more damages in sight.

The ban for the anonymous crypto trading came to power on January 30 – a week ago – but only 8.21 percent of all the 1.75 million Korea traders have listened to the government. The info was given by the Yonhap agency.

According to the source three South Korean banks have given the trader the opportunity to be anonymous – Industrial Bank of Korea, NH Bank and Shinhan Bank. The analysts are thinking that the reluctance of the traders to give out personal information is tied to the various regulations and, of course, taxation of the traders.

At the same time, while giving the name is obligatory for the traders, the officials promised not to push the market,