Korea: More Than 60 Digital Trading Floors Will Stop Trading

More than 60 digital money trading floors in Korea must notify customers about stopping the entire or part of the transaction on September 17, a week after the new regulation is valid. Figure. Photo: Reuters to continue to operate, the trading floor must register with the financial security agency before September 24, providing security certificates from the network security agency. The floor must coordinate with banks to Ensure that the accounts are registered with real names. The unregistered floors will have to stop the services after September 24, while the exchanges registered but not coordinated with banks will be banned Currently, Dong Won transactions are indicated, if some or all services will have to stop, the trading platforms need to notify customers about expected closing date and regulations The withdrawal for at least seven days before closing

. The floor had to complete this before September 17. Nearly 40 trading floors will stop all services, 28 exchanges have a security certificate but Do not establish relations with the bank. Only 4-flooring is upbit, BitHumb, Coinone and Korbit have registered and established relations with the Bank, so are allowed to trade in Dong Won Smaller floors such as Probit, Cashierest and Flybit said they will stop traded in Won and will continue their activities only involving digital money transactions until cooperating with banks. LE MINH (According to Reuters)

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