Financial authorities have announced new regulations, such as the real-name transaction system for virtual currency transactions and new investment, and all virtual currency, including Bit-coins are also falling.
According to the virtual currency exchange, as of 5 a.m. on July 24, the rate of the bit coins decreased 1.23 percent from the previous day to 133,000 won.
Ripple is up 3.74 percent to 1,608 won, the dollar is down 4.05 percent to 1,114,000 won, and the bill is down 0.05 percent to 1,774,000 won.
Light coins fell 2.57 percent to 215,900 won, dash to 929,000 won, and Monet to 364,400 won.
EOS is down 8.39 % to 15,720 won, Queentham is down 2.15 %, Bitcond is down 43.06 %, and Bitcone Gold is down 4.36 %, 205,900 won, and this classic.
Meanwhile, " real-name bank account service, " which enables customers to trade virtual currency transactions, will start on July 30.
Existing virtual account services are no longer used for virtual currency transactions and are allowed to make new investments when they pass strict real-name checks.
The Financial Services Commission, the Financial Supervisory Service and the Financial Information Agency announced Monday a plan to deal with the problem of possible virtual currency speculation.
First, the establishment of a ' real-name account service ' system for establishing self-reasonable real-name transaction in virtual currency transactions will be completed by July 30.
The bank will begin the real-name bank account service starting July 30 by substituting the existing virtual account services after linking the system between banks and virtual currency agencies.