The second largest South Korean cryptocurrency exchange, Bithumb will reopen account registrations after a month of closure.
The reason is down to the exchange regaining its partnership with Nonghyup (NH) Bank.
Bithumb will Reopen Account RegistrationsIn South Korea, crypto exchanges must provide virtual bank accounts so users can withdraw and deposit Korean won without having to go through their banks. This is for efficiency and security.
And on August 30th, NH Bank, one of South Korea’s largest financial institutions, will sign an agreement with Bithumb to provide these virtual bank accounts ...
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