Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges
Assessment Threaten

Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges

Source: iStock/TwilightShowSouth Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations. Bank-conducted risk assessment is now mandatory for crypto exchanges,…