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.

Those under Nineteen years old can no longer use Upbit’s services and existing minor customers had until the end of last month to withdraw money from the toneelpodium.

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 conform with the government’s mandates announced last week. Te addition to restricting certain customers from trading cryptocurrencies, the exchanges have stopped issuing fresh imaginario accounts te accordance with the regulators’ real-name requirements.