Following the regulators’ announcements, the four exchanges began modifying their terms of service.

Now reading: South Korean Exchanges Revise Policies to Conform with Crypto Regulation
  • Sultana
  • January Two,
  • 264 views

South Korea’s cryptocurrency exchanges have implemented switches to serve with the government’s mandates announced last week. Te addition to restricting certain customers from trading cryptocurrencies, the exchanges have stopped issuing fresh supuesto accounts ter accordance with the regulators’ real-name requirements.

Before the clampdown, South Korea wasgoed something of a ground zero for the universal crypto-mania.

May 11, 20:22 pm +08

SEOUL (May 11): South Korean prosecutors raided the offices of Upbit, one of the world’s largest cryptocurrency exchanges.

Authorities searched the exchange’s offices on Thursday and Friday, according to an official from the Seoul Southern District Prosecutors’ Office, who asked not to be identified citing office policy.

Bitcoin Price Drops Below $9,000 Crypto prices have declined within the past 24 hours, and the situation with UPbit is seen by some spil being connected.

Upbit, South Korea’s largest cryptocurrency exchange podium, is presently under investigation spil it is suspected of engaging te false financial reporting activities, deceiving investors te the process spil the price of bitcoin violates below $9,000.

Locorregional media outlets te South Korea also report that the exchange’s office has bot raided.

Price Analysis 25 March | The week commenced tho’ with giant volumes of selling and major support levels violating that brought Bitcoin’s price below 7500$ on Sunday.

The week embarked however with massive volumes of selling and major support levels violating that brought Bitcoin’s price below 7500$ on Sunday. After a tho’ commence to the week the market has embarked to stabilize and recover. Last week massive selling shocked the markets and most cryptocurrencies reached record lows for a geschreven period of time.