The South Korean government announced that six major banks would start providing crypto trading services, account creation and account operation from Jan 30th. This will happen under the government’s new system that aims at sharing or storing data about cryptocurrency trades, users, and accounts.
The new system will ensure that “only real-name bank accounts and matching accounts at cryptocurrency exchanges”use for withdrawals and deposits. However, it is also targeting existing accounts, meaning it could board existing accounts on it.
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