South Korea’s Shinhan Bank plans to regulate encrypted trading accounts

According to BEI News on July 1, Shinhan Bank, one of South Korea's largest banks, is planning to strengthen its regulation of encrypted trading accounts. According to reports, the “special measures” proposed by Shinhan Bank involve allowing employees to analyze account transactions. In the case of increasing fraud cases involving exchanges, the bank hopes to keep a distance from claiming that it is helping users with financial crime. Later in July, the bank also wanted to launch an artificial intelligence monitoring system that uses deep learning to identify fraudulent transactions faster and more accurately.