South Korean financial authorities advise banks not to issue virtual asset trading accounts to businesses and institutions
2024-05-30 11:31:50
South Korea's financial authorities advised banks not to issue virtual asset exchange accounts to businesses and institutions. The decision was made on the grounds that extending this privilege to corporate entities would pose a higher risk of money laundering, and an intelligence unit within the Financial Services Commission (FSC) and the South Korean Ministry of Education supported maintaining the ban.
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