From 19 to 25 April, the financial services Commission (FSC) of South Korea will check three major local banks, Nonghyup Bank, Kookmin Bank and Hana Bank. The subject of the verification will be according to the new rules of anonymity, introduced in late January of this year.
In particular, the FIU and the FSC will focus on details such as synchronization of trading accounts of banks with stock exchanges and their respective deposits, the volume of trade and compliance with other rules aimed at preventing the use of anonymous cryptocurrency transactions in activities of money laundering.
The FSC also agreed to other financial institutions to conduct their own internal audits to ensure compliance with the new rules.
While anonymous of the trading account transferred to the real, the Korean government is also developing infrastructure taxation of cryptocurrency, which will be published in June of this year. It is expected that in 2019 the government will use new tax base.