The major Korean banking firm Shinhan bank is planning to tighten its rule for those customers who are dealing with cryptocurrencies. The bank will employ dedicated staff to keep a note of the transactions of accounts for the movement of crypto.

In Korea, there have been rising cases of the crypto related frauds and some have pointed the finger towards the bank. So, to clear out its image in the public view, the firm wants to strictly deal with telecommunication and financial fraud.

Soon the bank may also make use of artificial intelligence to implement a fraud detection system. This system makes use of deep learning to detect scam activities faster.

Shinhan Bank is dubbed to be the first one in the nation to implement a blockchain loan system. It’s a good move from the bank to ensure the safety of its customers by tackling fraudulent activities relating to cryptocurrencies.