The Distributed Silk Road - Crypto

mlawson71 wrote: Mon Apr 19, 2021 8:58 pm Officials in South Korea have stomped their foot, and have proclaimed that they will aim to eradicate all illegal cryptocurrency transactions in the nation. The countries official gathered this Monday in a meeting where they discussed crypto volatility and the usage of digital coins in money laundering.

The government is currently in the midst of drawing plans for crypto regulations, whose main purpose will be aimed at tracing every crypto transaction in the country. The report further mentioned that firms dealing in finance are required to report all suspicious transactions to the Korean Financial Intelligence Unit (KoFIU).
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That's the thing about cryptos being mainstream, that also means governments would want to regulate them entirely, like they do fiat currencies.