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Korean financial authorities: 28 crypto exchanges have followed requirements

Korean financial authorities: 28 crypto exchanges have followed requirements

According to the latest stats, South Korea’s government has published a list of 28 platforms. They have partially met the regulatory framework to have a right to operate past Sept. 24. They have to follow the country’s new rules.

However, only four platforms for digital assets have followed the norms to provide customers with the ability to trade in Korean won.

Financial platforms have to get certification by Sept. 24 and submit a report to the Financial Intelligence Unit (FIU). It is a part of the Financial Services Commission (FSC).

Other cryptocurrency platforms that do not follow these requirements have to stop their operations ​by Sept. 24.

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