Starting today,... six Korean banks will begin allowing the simultaneous opening of accounts, deposits and withdrawals for cryptocurrency trading,... as well as transfers of funds between such accounts -- but with some new rules. <br /> Investors will now be *required to convert their virtual bank accounts to real-name accounts in order to continue trading. <br />Deposits and withdrawals are allowed only between those real-name bank accounts and matching crypto-exchange accounts within the same bank. <br />Banks with the services include Shinhan, Kookmin, Nonghyup and Industrial Bank of Korea.<br /> And all this,... as the Korean government continues to crackdown on speculative trading and possible criminal activities.<br />The Financial Services Commission says it will closely monitor crypto trading that exceeds one-million won, or some nine-hundred U.S. dollars a day, or 18-thousand dollars a week.<br />It will also watch accounts owned by corporations or groups, while reporting any suspicious activity to the authorities. <br />
