//Only a 19% conversion – South Korean bank sends notice to all Bitcoin virtual account holders

Only a 19% conversion – South Korean bank sends notice to all Bitcoin virtual account holders



Analysts say that the drastic drop in Bitcoin and other Altcoin prices is the reason for people to not convert their accounts. The system is introduced by the Korean government to tackle money laundering and terrorist fundings. Majority of the accounts are handled by 3 local banks, namely, Industrial Bank …

Source: Only a 19% conversion – South Korean bank sends notice to all Bitcoin virtual account holders