Coinone, a domestic virtual asset exchange, said on the 19th that it completed a renewal of its agreement with KakaoBank for issuing real-name verification accounts. Coinone has maintained its agreement with KakaoBank since Aug. 2022.
Through this renewal, Coinone extended the existing real-name verification account agreement by one year, to Aug. 2027. It added that, following the extension, it also completed the acceptance of a change report by the Korea Financial Intelligence Unit (FIU).
Based on its long-term partnership with KakaoBank, Coinone plans to continue collaboration synergy across a wider range. KakaoBank users can check virtual asset information held with Coinone within the application (app) and use the "my virtual asset inquiry" page to move directly to various services provided by Coinone.
Chief Executive Cha Myung-hoon of Coinone said, "We will do our best to build an environment where customers can conduct transactions with confidence, based on the KakaoBank partnership and operating know-how we have built over a long period."