Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Sug...

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Sug...

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean Banks remain reluctant to open real-name accounts for traders on domestic cryptocurrency exchanges, the Korea Herald wrote on Sunday. The reasons hide in recently adopted regulations obliging the trading platforms....


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Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks

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Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market...

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