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South Korea's Financial Services Commission asks U.S. SEC to discuss spot BTC ETFs, restricts local banks' ability to issue accounts to coin exchanges, and enforces special laws

South Korean banks will be required to have sufficient anti-money laundering (AML) capabilities when issuing real-name verification deposit and withdrawal accounts (real-name accounts) to virtual asset (cryptocurrency) exchanges, and will also be required to exercise "due diligence" when deciding whether to maintain the accounts. On May 5, the
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