Bank Servicing Coinone And Bithumb Among 3 In Line For Inspection

South Korean regulator the Financial Services Commission (FSC) said it would inspect three domestic banks servicing cryptocurrency exchanges to check compliance April 9.

A statement confirms the banks will undergo inspections April 19 – 25, with regulators looking to ensure they are conforming to new anti-anonymity regulations introduced at the end of January this
year.

Cointelegraph previously reported on the steps taken by Seoul to remove anonymity and multiple trading accounts on domestic cryptocurrency exchanges.

Reference: https://cointelegraph.com/news/south-korea-bank-servicing-coinone-and-bithumb-among-3-in-line-for-inspection

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