Bitfront Exchange to suspend service in Korea from September 14

08月
17
2021-8-17 10:38
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According to news from the 17th, Line's US Bitfront Exchange will have to cease trading in Korea from September 14th. The exchange also delayed Korean credit card payments for the same day. This improvement suggests that many foreign exchange exchanges could be the first to decide to withdraw or restrict home services ahead of tighter regulations. Previously, according to Korea's "Financial Reporting Law", all cryptocurrency exchanges had to be registered with regulatory authorities and obtain a security certificate by March 24. The certificate is a certificate issued by the Korea Internet & Security Agency and is a prerequisite for virtual resources (such as exchanges. Cryptocurrency) operating in Korea. (Parts office)

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2021-8-17 10:39

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