Large Korean banks will stop working with bitcoin next year.

South Korean banks Shinhan Bank and KB Kookmin Bank announced the complete cessation of any operations with bitcoin. So, Shinhan Bank will step back from the cryptocurrency of the 15th, and KB Kookmin Bank - on January 22, Bitcoin.com reports.

Clients of both banks are rewarded for financial transactions made with the participation of partner companies. Bonus points users could exchange, among other things, bitcoins - through the Coinplug affiliate market.

Note that in late November, the South Korean government announced "extraordinary measures" to regulate crypto-currencies.

"We will prohibit financial institutions from directly entering or trading in virtual currency markets," said the head of the Korean Financial Supervision Service, Choi Hong-Sik.

Recall, earlier the government began checking the 13 largest crypto-exchange exchanges in the country, including Bithumb, Coinone, Korbit, and Upbit. According to experts, the security systems of many sites "do not meet the necessary requirements."