Another bank reopening for deposits - Bithumb (South Korea)?

in #bitcoin4 years ago

Appears to me that another bank is coming live now with identity verification, with promise of what I believe to be the "main" Korean bank (second largest) for crypto moving forward still in the works (no specific update given)


Woff, woff!

Hello @jesseluther, Nice to meet you!

I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!


  • If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
    Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
  • So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
  • If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
  • If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
  • If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐶


Nice info. Hope india will also, do something about the crypto we just can't withdraw above $2000

Financial Supervisory service (FSS) of South Korea receive data from the banks that provide services to register a virtual account for the exchange of cryptocurrencies. The data were provided by six banks tested by regulators last week: Woori Bank, KB Kookmin Bank, Shinhan Bank, Nonghyup Bank, Korea Development Bank and Industrial Bank of Korea. On Thursday, the news channel reported that the total Bank income for the provision of such services over the past year amounted to 2,2121 billion won (~ 2.1 million US dollars). This is 36 times more than 61 million won in 2016, reports Yonhap. Banks earn money on cryptocurrency exchanges, by charging approximately 200-300 out of every client's Deposit, says news channel, adding that the traders pay higher fees to exchanges in withdrawals. With the help of this service the Industrial Bank of Korea gained more than others. The Bank provides services to Upbit, which has recently become the largest stock exchange in the world. Kakao Corp, the operator of the most popular chat app in South Korea-Kakao Talk, also supports Upbit. The Bank " earned a total of 675 million won, setting a fee for the owner of the virtual account in the amount of 300 won for one contribution," - said in the publication. In second place is Nonghyup Bank, which cooperates with Bithumb and Coinone. Last year, the Bank earned 654 million won. Currently, the South Korean government has banned banks from registering virtual accounts until a new identification system based on real names is installed. Banks will also be obliged to find out the purpose of trading and check the source of income of each holder of a cryptocurrency account.

Maybe they become an online stage for purchasing, offering, exchanging, and putting away computerized money. And that their main goal is to make an open budgetary framework for the world and helping individuals change over computerized money into and out of their neighborhood cash.

Thank you Mr @jesseluther for your financial presentation, it is very interesting. I will follow you on your future articles.

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Hi, let's follow each other!

Does anyone know of a credit card we can use to buy cryptocurrency?

for crypto moving forward still in work (no specific updates are given)

Posts are very useful and quality Mr. @jesseluther

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