Anonymity in cryptocurrencies is nothing more than an illusion. South Korea vividly demonstrates how governments can effectively control digital assets.
Starting from June 2025, new rules will come into effect in the country, tightening the requirements for customer identification (KYC) and anti-money laundering (AML). Now all cryptocurrency transactions must go through a system of real names, and exchanges are required to provide detailed information about customers and their operations.
In addition, South Korea plans to regulate cross-border transactions with virtual assets. Companies involved in such operations will be required to register with the relevant authorities and report to the Central Bank monthly. These measures are aimed at combating financial crimes related to cryptocurrencies.
These steps show that even in the world of decentralized technologies, government agencies can establish strict frameworks.
If you still believe that cryptocurrencies provide complete anonymity, you should think again. Transparency is the new norm, and ignoring this fact could lead to serious consequences.