South Korea: Bithumb Renew With NH Bank, Re-issue Cryptocurrency Account

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On August 29th, NH Bank said that the agreement with Bithumb has come to an end. The real-name cryptocurrency account will continue to be released this month from 30th. Last month, NH Bank and Bithumb’s contract expired without immediate renewal. Bithumb decided to strengthen the protection of funds and prevent “money laundering” transactions. NH Bank required the Bithumb Exchange to request users who did not become real-name registrations to transfer into real-name account by November, and to take measures to reduce withdrawal amounts for non-converted users. (Korean)

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