When dealing with Real‑Name Bank Accounts, bank accounts that are linked to the holder's legal identity and verified through official documents. Also known as verified bank accounts, they form the backbone of KYC, the Know‑Your‑Customer process that confirms who you are and support AML, anti‑money‑laundering rules that track suspicious activity. In short, real‑name bank accounts enable crypto platforms to meet regulatory standards, protect users, and keep the whole ecosystem honest.
Every major crypto exchange, a platform where you trade digital assets needs a reliable way to move funds in and out of the traditional banking system. That’s where real‑name accounts step in: they satisfy KYC requirements, which in turn satisfy AML mandates, creating a chain of compliance that regulators can audit. The relationship looks like this: Real‑Name Bank Accounts require KYC verification; KYC supports AML compliance; AML influences exchange licensing. Because of this chain, exchanges can offer features like fiat deposits, faster withdrawals, and lower fees—all while staying on the right side of the law.
Beyond exchanges, real‑name accounts matter for any service that handles crypto payments, such as merchant processors, lending platforms, and NFT marketplaces. These services often need to prove the source of funds to avoid being flagged for illicit activity. By tying a bank account to a verified identity, they get a clear audit trail, which reduces the risk of account freezes or fines. In practice, this means users enjoy smoother transactions, fewer interruptions, and better protection of their assets.
The articles below dig into real‑name bank accounts from several angles: how to set them up in different jurisdictions, what documentation you’ll need, how exchanges evaluate them, and what the future of regulation might look like. Whether you’re a beginner trying to buy crypto with a local bank, an experienced trader looking to comply with new AML rules, or a developer building a DeFi product that must interact with traditional finance, you’ll find practical guidance and data‑driven insights right here.
Explore how South Korea's real-name bank account system shapes crypto trading, covering regulations, major exchange-bank partnerships, steps for locals, hurdles for foreigners, and upcoming tax changes.
