South Korea Fines Bitcoin Exchanges Over Privacy Violations

Bitcoin is supposed to allow for “anonymous” transactions, but that doesn’t mean people’s privacy can’t be at risk when dabbling in cryptocurrency markets--as evidenced by fines just issued by South Korea’s data protection regulator.

On Wednesday, the Korea Communications Commission (KCC) whacked eight cryptocurrency exchanges and wallet services with fines ranging from $9,000 to $14,000 for various privacy violations, such as not deleting the data of former customers, and...

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