South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report

The post South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report appeared first on CCN

South Korean authorities are reportedly launching inspections into bank accounts related to cryptocurrency exchanges to crack down on money laundering and speculative trading. According to Korean publication Yonhap, South Korea’s Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service (FSS) are jointly inspecting banking accounts provided to cryptocurrency exchanges in six major local banks. The

The post South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report appeared first on CCN

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