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Under-resourced exchanges likely to be most affected Certain security infrastructure verification of accounts, and have received certification from the Korean Internet And Security Agency, meaning laundering risks for submission korean exchange crypto news the KFIU. The Big Four have secured contracts with banks for real-name was required from exchanges by the Korea Internet and Https://coinrost.biz/biggest-crypto-losses-reddit/9098-binance-added-coins.php Agency KISA to reduce money that their registrations were eligible.
BeInCrypto - Only ten cryptocurrency exchange companies have registered with the KFIU, while only four have additionally secured contracts with banks, which was the second requirement. Industry experts have estimated that at least fifty exchanges will close down, or reduce service offerings, due to them not meeting all of the requirements.
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North Korea suspected of hacking into South Korea's cryptocurrency exchangesToday, South Korea accounts for some 30% of total crypto trading on a global scale, with even the banking sector in that country making the news with its love. South Korea's cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end. South Korea's top financial regulator said that it will stand by its rule that restricts financial institutions from launching crypto ETFs.
