South Korean bank to implement strict regulation on crypto transactions

One of South Korea’s largest banks is proposing special measures to its employees when dealing with cryptocurrency transactions as it wants to distance itself from the accusations of supporting crypto criminals. Shinhan Bank will be implementing an AI system on its networks to clearly identify fraudulent or suspicious transactions within its platforms due to the increased number of money laundering cases and fraudulent activities within the country. Representatives from the bank have already commented that the implementation of these specific measures does not have anything to do with crypto aversion. The bank is quite blockchain friendly and enjoys using the