The Korean Federation of Banks formulated the "Guidelines for the Operation of Virtual Asset Real-Name Accounts": the transaction requires a reserve of at least 3 billion won in reserve

Odaily Planet Daily News The Korean Federation of Banks negotiated with financial authorities and virtual asset exchanges to formulate the "Guidelines for the Operation of Virtual Asset Real-Name Accounts", which aims to strengthen the protection of virtual asset users and prevent money laundering and other activities. Among them, the bank requires the virtual asset exchange to fulfill its liability for damages to users (hacking, computer failure, etc.), and reserves no less than 3 billion won in reserves. In addition, the bank plans to implement enhanced customer authentication procedures for real-name account users every year, including measures such as the need for additional authentication when receiving and transferring money and restricting money and transfers when they have not been used for a long time; it plans to divide user accounts into limited accounts and normal accounts, and limit Its deposit and withdrawal limits have also established anti-money laundering standards and procedures related to real-name authentication. In order to implement the protection measures for users of virtual asset exchanges as soon as possible, the accumulation of reserves will be implemented from the beginning of September. In addition, the compilation of work procedures and the establishment of computer systems will be implemented successively before March next year. (News1)