Bithumb resume user registration

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Bithumb resume user registration

One of the largest kryptomere South Korea Bithumb can renew the registration of new users after signing an agreement with the Bank Nonghyup.

According to the publication Yonhap news, Bithumb and Nonghyup plans to sign a contract on 30 August, the exchange could provide an opportunity for cryptocurrency traders to open a virtual personal Bank account for trading.

In the beginning of the month it became known that Bithumb suspends the registration of users on the procedures for service improvement. This demand was put forward by the banks that refused to cooperate with the stock exchange because of doubts about its reliability. The reason for this was the June break-in, in which Bithumb stole 30 million dollars in the cryptocurrency.

Currently, banks in South Korea provide services to the local exchanges, processing the deposits of their clients. It is worth noting that every created on the exchange virtual account must correspond to a verified Bank account, allowing you to track the movement of funds and prevent money laundering.

At the same time, according to the current legislation in South Korea, the exchange needs to keep operating funds separate from the funds that belong to their clients.

We will remind, earlier Bithumb resumed its input and output 10 cryptocurrency.

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