The Financial Services Commission announced on June 9 that it would look into every financial company to find out non-real-name accounts of cryptocurrency exchanges. At present, most minor cryptocurrency exchanges in South Korea are doing business using cash concentration accounts such as honeycomb accounts. The commission’s inspection is to determine whether those are appropriate. Specifically, the Korea Financial Intelligence Unit of the commission will search each financial company for such accounts by September. Cryptocurrency exchanges that are not connected to investors’ real-name accounts must stop their ... (full story)