South Korea will shut down a dozen of crypto exchanges amid new regulations.

Source: Coinnounce
Author: Jai Pratap
Source Tags: Crypto Exchange, Crypto News, Crypto Regulation, Cryptocurrency, Trending, Cryptocurrency News
  

Summary

According to a local report, the South Korean financial services regulator is planning to shut down 11 cryptocurrency exchanges. The 11 crypto firms have reportedly engaged in illegal activities and used fraudulent collective bank accounts. According to the Korea Herald report, the Financial Services Commission plans on denying the 11 local exchanges approval to serve […]