Korean Crypto Exchanges Get Support from Local Banks!
🤝🏿 🤝
Reddit ➡️
Telegram ➡️
Financial Services Commission Commissioner, Choi Jong-Ku said, “There exists no issue in banks providing virtual bank accounts to cryptocurrency exchanges. If digital asset trading platforms have KYC and AML systems in place, there is no problem in issuing virtual bank accounts to [South Korean] exchanges.”
🤝🏿 Please comment, like & subscribe! 🤝🏿
Facebook ➡️
Medium ➡️
Twitter ➡️
ℹ️ Distributed Credit Chain
ℹ️
#blockchain infrastructure behind credit data exchange.
World’s 1st #distributed #banking public chain with a goal to establish a #decentralized ecosystem for #financial service providers around the world.
By empowering #credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform #fintech scenarios and realize true inclusive #finance.
Choi’s remarks come at a pivotal time for the Korean crypto sector, which awaits the possible announcement of a government decision in November over whether or not to repeal the country’s local ban on Initial Coin Offerings (ICOs), which has been in force since September 2017.
adapted from a #ZeroCrypted article by Amrit:
South Korea Allows Virtual Bank Accounts for Cryptocurrency Exchanges,south korea crypto exchanges,south korea allows crypto,south korea banks crypto,dcc korea,zerocrypted,#dcc,korea crypto market,korea crypto,south korea blockchain,south korea crypto news,south korea crypto,south korea cryptocurrency,south korea,korean crypto,korean crypto news,distributed credit chain,korea blockchain,korea crypto news,south korea cryptocurrency news,blockchain banking
ℹ️ China Blockchain Application Center
ℹ️
The China Blockchain Application Center launched the NYC branch on August 23, 2018, led by executive director Stewie Zhu, Founder and CEO of Distributed Credit Chain.
The China Blockchain Application Center (CBAC) NYC is a public welfare and non-profit institution backed by the government with a goal to commonly promote industry certification and blockchain industry standards.
Established in 2015, it is backed by the Beijing Municipal Bureau of Financial Work which was founded by the Museum of Fintech and leading institutions in the blockchain area.
ℹ️ #CBAC
ℹ️ 575 5th Avenue, 14th Floor, New York, NY 10017
“To promote the exchange of information between global blockchain authorities and relevant counterparties in China & cooperate with supervising institutions in the promotion of common standards of training certifications and worldwide development of the industry.”
STEWIE ZHU
EXECUTIVE DIRECTOR
Founder and CEO of Distributed Credit Chain
HENRY CAO
EXECUTIVE DIRECTOR
Founder of Usechain
Professor at CKGSB
FRANKLIN SONG
DIRECTOR
Co-founder of DATA
Bo Dong
DIRECTOR
Founder of Altonomy