The Financial Services Commission rejected Paycoin's business report... End of service on the 5th of next month

This article is translated by AI company Flitto and Alpha Biz neural machine translation technology

Kim Jisun Reporter

stockmk2020@alphabiz.co.kr | 2023-01-07 01:45:52

Paycoin (PCI) issued by Danal's subsidiary PayProtocol will end its service on the 5th of next month. The failure to meet the requirements for the bank's real-name verification deposit and withdrawal account demanded by the financial authorities affected it.
The Financial Intelligence Unit (FIU) under the Financial Services Commission said on the 6th that the change report was not accepted because PayProtocol did not meet the reporting requirements under the Specific Financial Information Act.