Bank-Cryptocurrency Exchange Partnerships Temporarily Extended Until Sept. 24

From businesskorea.co.kr

UPbit, Bithumb, Coinone and Korbit and K Bank, Shinhan Bank and NH Bank extended their contracts until Sept. 24 with regard to real-name account issuance for those using the major cryptocurrency exchanges. In order to keep doing business, the exchanges must report themselves to the Korea Financial Intelligence Unit by that date with the Information Security Management System (ISMS) certificate and real-name accounts. The banks are currently checking the reliability and security of the exchanges, and contract renewal hinges on the result of the screening. At present, K Bank is in partnership with UPbit, Shinhan Bank ... (full story)