According to the Yonhap News Agency, the financial department such as the Korea Financial Commission held a press conference at the Central Government Office Building in Seoul on the 23rd to issue virtual currency on-site investigation results and guidelines for preventing money laundering, and stipulated that the virtual currency real-name transaction system will be implemented from the 30th of this month. Virtual currency accounts are deactivated.
The Financial Commission stipulates that foreign investors and minors under the Civil Code cannot engage in virtual currency transactions even through real-name certification. When the bank judges that the exchange has the risk of speculative money laundering, it has the right to refuse to conduct financial transactions with it, which is equivalent to completely closing its bank account.
For users who already have a virtual currency trading account, the bank account with the bank account can directly use the bank account to deposit and withdraw funds. Those who do not have the same bank account can not deposit, only withdrawals.
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