Goodbye bitcoin kimchi premium ? Regulator says all 200 of South Korea s crypto exchanges could be shut down, report says skiderlin@businessinsider.com (Sophie Kiderlin) © Reuters Eun Sung-soo, the chairman of the South Korean Financial Services Commission. Reuters
Eun Sung-soo, chair of South Korea s Financial Services Commission, said all crypto exchanges could be shut down, according to a report in the Korea Times.
Under new regulation, crypto exchanges must register with the commission but none have applied yet, he said.
The new rules are part of a wider push to regulate crypto trading more tightly in South Korea.
Eun Sung-soo, the chair of South Korea s Financial Services Commission, said that all crypto exchanges in the country, over 200, could be shut down in September. He made the remarks at a meeting of the National Assembly s Political Affairs Committee last week, the Korea Times reported.
All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns – Exchanges Bitcoin News
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