Korea Financial Supervisory Authority asks Jeonbuk Bank to strengthen risk management of crypto operators

South Korean Financial Supervisory Service has required the KB Kookmin Bank to establish control measures and deploy dedicated personnel to effectively manage risks related to VASP. In February last year, KB Kookmin Bank signed an agreement with Gopax operator Streamy to issue real-name accounts. Since then, the bank's financial situation has deteriorated, prompting the financial regulator to require it to manage risks.