Nonghyup Bank, Kookmin Bank and Hana Bank will be monitored; those three banks will face individual evaluation from South Korean Financial Services Commission (FSC).
which have been introduced at the beginning of 2018. As we can find in the statement, the banks will be inspected from April 19 to 25.
Also, as a part of legalization, users using markets can only have one account whose details must match their bank account.
Also, South Korea’s government is preparing to fill the remaining gaps in issued regulations, e.g., tax legislation which will be released until June.
The last probe made by Korea Communications Commission (KCC) ended with finning eight big cryptocurrency exchange markets for ₩141 million (around $130 000). This probe proved that those eight cryptocurrency exchange markets had violated the Information and Communication Network Act.
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Last modified: April 9, 2018
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