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Bank account, South Korean Bitcoin, South Korean cryptocurrency, South Korean cryptocurrency exchange, South Korean cryptocurrency, South Korean government, lawsuit, real-name account, South Korea, prosecution, unconstitutional
Except for the largest four, all cryptocurrency exchanges in South Korea may not be able to meet the bank account requirements needed to maintain business. Many South Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s encryption laws are unconstitutional.
Nowadays, banks refuse to start their cryptocurrency exchange verification process without clear reasons, and most exchanges have no chance to prove themselves. The Financial Services Commission needs to get involved immediately.
What do you think of the Korean exchange suing the government for bank account requirements? Let us know in the comments section below.
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