Tag: Shinhan Bank

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Crypto Accounts

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous…
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January 19, 2018 0
Crypto Crackdown

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a…
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January 13, 2018 0