Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: fitload on September 18, 2018, 12:59:32 PM
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Bithumb, the largest crypto exchange by trading volume in South Korea, and Coinone, South Korea’s 3rd-largest crypto exchange, announced on Friday, Sept. 14, that it will terminate fiat withdrawal service for all users without verified real-name accounts.
Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. The service will end on Oct. 1 for corporate members and on Oct. 15 for individual members.
According to Bithumb, this move is to comply with the government’s anti-money laundering policy, and it affects only for fiat withdrawals. Cryptocurrency transactions and withdrawals can be used...
Read More: https://news.bitzamp.com/crypto-exchanges-bithumb-and-coinone-to-terminate-fiat-withdrawals-of-unverified-users/ (https://news.bitzamp.com/crypto-exchanges-bithumb-and-coinone-to-terminate-fiat-withdrawals-of-unverified-users/)