Bitcoin Tumbles To 10-Day Lows As Major Korean Bank Clamps Down On Crypto-Linked Accounts [zero hedge]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
US:NYSE Investor Relations:
shinhangroup.co.kr/en/invest/main.jsp
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Source: zero hedge
Bitcoin prices have accelerated lower overnight, breaking below the $11,000 level and falling to 10-day lows.Bitcoin is leading the charge lower but the rest of crypto is also sliding...While potentially some relief from the China-US trade truce could be driving some selling in cryptos, some market participants noted that fears of further crackdowns in Asia also sparked some unwinds.As CoinTelegraph's Thomas Simms reports, one of South Korea’s biggest banks is planning to intensify regulations on accounts linked tocrypto exchanges, BEI News reported on July 1.image courtesy of CoinTelegraphThe “special measures” Shinhan Bank are proposing would reportedly involve dedicating staff to analyzing account transactions.It is believed the bank is hoping to distance itself from claims that it is helping financial criminals, amid a rise in the number of fraud cases involving exchanges.Later in July, the bank is also hoping to launch an artificial intelligence monitoring system that uses deep l
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News
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Shinhan Financial Group Co (SHG) Stock? [Yahoo! Finance]Yahoo! Finance
- Analysis-South Korea's push to make its markets global dogged by FX history [Yahoo! Finance]Yahoo! Finance
- South Korea's push to make its markets global dogged by FX history [Reuters]Reuters
SHG
Sec Filings
- 3/27/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/22/24 - Form 6-K/A
- SHG's page on the SEC website