More than 60 South Korean crypto

  • More than 60 South Korean crypto exchanges set to suspend services next week

    alt text

    More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday (Sep 17) midnight, a week before a new regulation comes into effect.

    A game that only needs one Scatter. Which the chance to เกมสล็อต exit is very high, up to 70%, which is a game style like this, which is suitable for players who do not have a lot of time and do not have a high investment

    To continue operating, exchanges must register with the Financial Intelligence Unit by Sep 24, providing a security certificate from the internet security agency. They must also partner with banks to ensure real-name accounts.

    Exchanges that have not registered must shut down services after Sep 24, while those that have registered but failed to secure partnerships with banks will be prohibited from trading in won.

    "Should some or all services need to be closed, (exchanges) should notify customers of the expected closing date and procedures to withdraw money by at least seven days before the closure," the Financial Services Commision said earlier this week. It said this should be completed no later than Sep 17.

    Of all exchanges, nearly 40 are set to suspend all services. A further 28 have security certificates but have not secured bank partnerships.

    Just four - Upbit, Bithumb, Coinone and Korbit - have registered and secured partnerships and so will be allowed to make won settlements.

    Some smaller exchanges including ProBit, Cashierest and Flybit have already said they will end won trading, and that they will continue operations involving only digital coin trading until securing partnerships with banks.

Log in to reply

Looks like your connection to Offical Forum was lost, please wait while we try to reconnect.