Crypto in flux

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Crypto in flux

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A woman walks past a cryptocurrency exchange in Jung District, central Seoul, on Sunday. May 9 will be the 100th day since the government launched a real-name trading system for cryptocurrency transactions, but most local exchanges still haven’t opened new real-name-based virtual accounts due to banks’ reluctance. The new system calls for banks to issue real-name accounts directly to customers rather than having exchanges offer virtual accounts to clients. Only about 30 percent of existing virtual account holders have migrated to real-name based accounts, according to industry sources. [YONHAP]

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