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South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash
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South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash

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Source: Bitcoin.com

South Korean Universities Face Banking Hurdles in Converting Crypto Donations to CashSouth Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban. Education Ministry and Financial Intelligence Unit Favor Maintaining Ban South Korean universities are reportedly unable to convert cryptocurrency […]

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Author: Terence Zimwara

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