📇 Korean banks to limit unverified crypto traders

Banks in South Korea are taking measures to limit services for customers that are not using the real name verification system in the country. Despite being introduced by the government over seven months ago, only 40 percent to 50 percent of accounts at the top four exchanges in the country use the crypto real name system. Traders that have not converted to a real name account, which must be done through a bank that has an agreement with the exchange, are limited to withdrawals only.