Bitcoin Rewards Services Dropped By South Korean Banks

Announcements, News, Regulation | December 28, 2017 By:

Two major South Korean banks, Shinhan and KB Kookmin, are reportedly discontinuing their “credit card points for bitcoin swap” services. The banks decided to drop the services in anticipation of forthcoming government action on cryptocurrency trading, according to the Korea Times.

The South Korean government has been holding meetings daily to discuss cryptocurrency regulation.