RATE Group | Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges
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Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges

04 Dec Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges

Posted at 02:49h in Cryptocurrency News by

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SEOUL, South Korea, Dec. 3, 2019 /PRNewswire/ — In the recent past, on November 21st, 2019, the South Korean parliament approved legal amendments to meet international regulatory standards. The Value Network Domain Name System (VDNS) is especially developed by Bithumb as an identity authentication system is an effort to comply with global requirements. 

Bithumb Global






Bithumb Global

In a bid to ensure that cryptocurrency virtual assets-handling companies in South Korea are in compliance with the recommendations of the International Anti-Money Laundering Organization, Financial Action Task Force (FATF), amendments to the Act on…

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