South Korea inspects six banks over clients' virtual currency accounts
TEHRAN, January 8 -South Korea’s
financial regulator said on Monday it is jointly carrying out inspections on
six local banks that offer virtual currency accounts to institutions.
TEHRAN, Young Journalists Club (YJC) -South Korea’s financial regulator said on
Monday it is jointly carrying out inspections on six local banks that offer
virtual currency accounts to institutions.
The
joint inspection by the Financial Services Commission (FSC) and Financial
Supervisory Service (FSS) will check if banks are adhering to anti-money
laundering rules and using real names for accounts, FSC Chairman Choi Jong-ku
told a press conference.
Officials
are also looking at ways to reduce risks associated with cryptocurrency trading
in the country, which could include shutting down institutions that use such
currencies, Choi said.
Source:Reuters
author: D-Ezatiyan - Date: 1/8/2018