It seems that the domestic virtual currency exchange will be reorganized into a 'four major exchanges' system.
Until yesterday, the deadline for reporting businesses according to related laws, only the four major exchanges, Upbit, Bithumb, Coinone, and Korbit, obtained the information protection management system, that is, ISMS certification and real-name bank account, and completed the submission of the report to the Financial Intelligence Service under the Financial Services Commission. .
As a result, only these four exchanges were able to continue the business of buying and selling coins in KRW as before. 25 exchanges that obtained ISMS certification, although not obtaining real-name bank accounts other than the four major exchanges, also submitted a report to the Korea Financial Intelligence Service. .
These 25 exchanges have ended the so-called won market trading in won, and provided only the coin market.