Great news from abroad today – Korea’s Finance Minister, Choi Jong-Ku, has stated that  no issues exist related to the compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.

“There exists no issue in banks providing virtual bank accounts to cryptocurrency exchanges. If digital asset trading platforms have KYC and AML systems in place, there is no problem in issuing virtual bank accounts to exchanges,” commissioner Choi said.

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