South Korean banks’ revenue from real-name verification services to crypto exchanges more than doubled in the second quarter to 16.97 billion won ($14.7 million), the Yonhap News Agency reported.
The bitcoin (BTC, -1.27%) price was holding above $41,000, the highest since May, after a 10-day winning streak that was the longest in eight years for the largest cryptocurrency.
The main issue inhibiting regulation seems to be a combination of resistance and indecision both from regulators, which has majorly been a result of little or no understanding of cryptocurrencies.
