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South Korea Crypto Crackdown: FSC to Crackdown on $2.6 Billion “Kimchi” Market

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading

South Korean Cryptocurrency Exchanges To Share Data With Banks
Regulation News
South Korean Cryptocurrency Exchanges To Share Data With Banks
Regulation News

South Korean Cryptocurrency Exchanges To Share Data With Banks

In an attempt to impose taxes on the transactions regarding virtual currency, the South Korean government has announced that from this month, six major banks will provide services to cryptocurrency exchanges. This new system requires the exchanges to share user data with banks. Cryptocurrency exchanges have to share the data with banks On Sunday, the

In an attempt to impose taxes on the transactions regarding virtual currency, the South Korean government has announced that from this month, six major banks will provide services to cryptocurrency exchanges. This new system requires the exchanges to share user data with banks. Cryptocurrency exchanges have to share the data with banks On Sunday, the