Korean Regulators Seek to Probe Cryptocurrency Exchanges Bank AML Measures

Two South Korea financial regulators are reportedly launching a probe into domestic banks over their implementation of anti-money laundering procedures for cryptocurrency exchanges. According to a report from Yonhap, the Financial Intelligence Unit and Financial Services Commission (FSC) will launch the inspection starting next month at banks offering corporate accounts to cryptocurrency exchanges. The investigation, according to…

Save on Coinbase Fees when Buying Bitcoin, Ethereum, NEO, Cardano, Stellar, and more

Coinbase is a US based company and they have been established as one of the most trusted sites out there. While there certainly is a love hate relationship some people have with them, their platform is solid and great for beginners in cryptocurrency. Here is a quick trick to save on the fees from Coinbase, but…

Cryptocurrency Debit Card Aims to Harnesses AI to Let User Spend/Use their Cryptocurrency

The increasing ability to pay for products and services using cryptocurrency debit cards is a physical representation of the rise in crypto popularity. However, they are still relatively rare and at times complex; with so many cryptocurrencies available in conjunction with market volatility, it can be difficult for traders to know how best to utilize…

Korean Exchange Bithumb Re-Opens Registration to New Users

South Korean cryptocurrency exchange Bithumb is now accepting new investor registrations following integration of new regulator-mandated “know-your-customer” (KYC) procedures. In an announcement on its homepage, Bithumb said that, starting from Feb.9, investors on the platform will be able to confirm their real identity through accounts at Nonghyup Bank. The firm further detailed that KYC integration with Shinhan…

Cryptocurrency ‘Unlikely To Disappear’, Says Internal: J.P. Morgan

J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. In an extract from what is allegedly the banking giant’s executive summary on cryptocurrency, the company appears bullish on crypto’s future. “Cryptocurrencies are the face of the…