South Korea Steps Up Cryptocurrency Inspections at Banks – WSJ

Flexslider, Regulation January 8, 2018 , by Steel Rose Comments Off 40

South Korean regulators said they have started on-site inspections of the country’s large commercial banks, marking a change of tack in authorities’ efforts to clamp down on cryptocurrency speculation in one of Asia’s hottest bitcoin markets. South Korea’s lead securities regulator said Monday that it is inspecting six of the country’s biggest financial institutions to monitor their compliance with anti-money-laundering obligations related to cryptocurrency trading.

Source: South Korea Steps Up Cryptocurrency Inspections at Banks – WSJ