South Korean Crypto Exchange Halts Trading, Unable To Comply With New Regulations

in regulations •  7 years ago 

It came into effect on January 30, now the country should ensure its all cryptocurrency exchanges. This new stringent anti-money laundering rules in South Korea were announced at the end of December. After this the company failed to fulfill the country's new KYC requirements in a declaration on Tuesday, February 6, on its site. This South Korean Cryptocurrency Exchange Coinpia has suspended trading operations along with Fight Deposit. It uses its real name and related bank accounts while doing crypto-fat trade across all its customers.

Source - https://cointelegraph.com/news/south-korean-crypto-exchange-halts-trading-unable-to-comply-with-new-regulations

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