You are viewing a single comment's thread from:
RE: Is Korean Crypto Returning to Normal? The Return of Crypto and the Kimchi Premium
There is something I don't understand.
Don't every Korean already have a named KYCed/AMLed bank account? Why can't they use that account to send money to exchanges?
I mean everyone in my country has such a bank account.
Great question. The Korean government seems really sensitive about money laundering. It comes up in almost every announcement by them, so I think its an extra step to prevent that. Any other thoughts on why people would be doing that?