It's a NO to anonymous cryptocurrency accounts in South Korea
Seoul: The South Korean government on Thursday took measures to ban the use of anonymous virtual accounts in cryptocurrency transactions following a ministerial meeting.
The measures, currently in effect, stipulate deposits and withdrawals be allowed only in digital accounts that can be verified with the bank account with a person's name, and also ban the issuing of new virtual accounts not linked to a bank account, reports Efe news.
Hong Nam-ki, minister of the Office for Government Policy Coordination, said the government "can't let this abnormal situation of speculation go on any longer".
The decision goes against one of the main characteristics of cryptocurrencies: the blockchain, a technology that allows the encryption and recording of transactions between two parties in a verifiable, permanent and anonymous manner without intermediaries.
South Korea is taking the steps taken by Japan and other countries, where cryptocurrency exchanges require users to furnish official documents for registration as per government regulations.
South Korea's Financial Intelligence Unit and Financial Supervisory Service will make joint inspections of virtual cryptocurrency exchanges to ensure that transactions are carried out under a real name.
In South Korea and Japan, cryptocurrencies have become a popular form of payment, an investment asset and are even used as a pension fund due to relatively small returns from other investments.
Hong said that speculation in cryptocurrencies was rife in South Korea, where the value of many virtual currencies has become higher than abroad and as the Central Bank does not offer guarantee on the currencies, they are susceptible to fluctuations and big crashes.
The South Korean ministry of justice had proposed suspending cryptocurrency exchanges, but the final measures are aimed at stopping the anonymous use, preventing money laundering and reducing advertisements about cryptocurrencies
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Kangana Ranaut shown black flags in Himachal's Lahaul and Spiti, BJP files complaint with CEO
Shimla, May 20: Actor Kangana Ranaut, BJP candidate from the Mandi parliamentary constituency, was shown black flags by local people and Congress workers at Kaza in Lahaul and Spiti on Monday.
The Himachal Pradesh BJP filed a complaint with the state chief electoral officer (CEO) demanding transfer of election officials and an investigation into the incident as both the BJP and the Congress were given permission to hold rallies adjacent to each other.
The Congress workers raised anti-Kangana slogans - "Kangana, go back, Kangana Vangana nahi chalegi". They were apparently enraged over her remarks on Tibetan spiritual leader Dalai Lama in April last year.
Ranaut had tweeted a meme featuring the Dalai Lama that said, "The Dalai Lama receives a warm welcome at the White house". The photoshopped picture in the tweet showed the Dalai Lama sticking his tongue out with US President Joe Biden with a comment - Both of them have the same illness, definitely they could be friends.
Following this, a group of Buddhists staged a dharna outside her office in Mumbai.
Later she apologised saying she didn't mean to hurt anyone, and it was a harmless joke about Biden being friends with the Dalai Lama.
Leader of the Opposition in the Himachal Pradesh Assembly Jai Ram Thakur, who had accompanied Ranaut to Kaza to campaign for the BJP, on Monday alleged that the Congress workers tried to disturb the meeting of the BJP and pelted stones on their carcade while they were returning.
Talking to reporters, he said, "It is unfortunate that for the first time, permission was given to hold a parallel rally at the venue to the Congress where prior permission was already granted to the BJP to hold the rally.
Efforts were made to disturb our rally and the Congress workers raised shameful slogans, stopped our carcade and pelted stones, injuring one person."
Thakur added that they go for campaigning all over the state but such things have happened for the first time, which shows "frustration" of the Congress and they would take up the issue with the Election Commission.
Later, in a complaint filed with the Himachal Pradesh CEO, BJP state office secretary Parmod Kumar Thakur said the Congress workers allegedly tried to illegally restrain the political procession and even pelted stones and demanded an investigation into the incident.
"The district administration granted permission for organising a political meeting to the Congress adjacent to the place already scheduled to hold a political meeting of the BJP at Kaza under undue influence of the state government in utter violation of the Model Code of Conduct (MCC)", he said.
In the complaint, the BJP demanded the immediate transfer of election officials from Lahaul and Spiti and said giving permission to both the parties at the same location at the same time was a "big lapse" on the part of the Election Commission "in spite of the fact that permission to the BJP was provided first and the officers involved in this act are biased against the BJP, and free and fair elections are doubtful under the circumstances."
Lahaul and Spiti SP Mayank Chowdhary told PTI that workers of both the BJP and the ruling Congress came face to face but there was no clash and no person was injured. However, one worker sprained his leg, he added.
Bhishan Shashni, Congress election coordinator for Lahaul and Spiti claimed that the Congress workers were peacefully protesting but a large number of people, who were hurt by Ranaut's remarks about the Tibetan spiritual leader, joined the protest.
Earlier, Congress candidate from the Mandi Lok Sabha seat Vikramaditya Singh had asked why Ranaut did not visit Spiti and returned from Reckong Peo alleging that she was afraid she would be shown black flags for her remarks against the Dalai Lama.
