2 years ago
Bithumb, 1 of South Korea's largest crypto speech by trading volume, volition halt accepting wallet addresses that haven't been decently registered with the exchange, arsenic it enforces the question rule, according to an official blog post connected Monday.
The travel rule, recommended by the intergovernmental Financial Action Task Force, requires exchanges to cod information astir transactions and stock them with authorities erstwhile they transcend a definite threshold.
Starting Jan. 27, Bithumb users volition not beryllium capable to retreat oregon pre-register utilizing wallets specified arsenic MetaMask that are not tied to a name, mobile telephone number, oregon email code registered, CoinDesk Korea reported.
Last week, Bithumb said that users would person to spell done a face-to-face interrogation to motion up connected the speech utilizing specified wallets.
South Korean media similar Money Today reported that the alteration of caput came arsenic a effect of unit from NH Nonghyup bank. Crypto speech Coinone, which besides works with NH Nonghyup, announced a akin measurement which started connected Jan. 24.
Seoul requires each exchanges to spouse with banks for real-name slope accounts successful bid to run successful the country.
The 2 exchanges are moving connected a whitelist of users who person registered their data, according to media reports.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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