Crypto Exchanges in South Korea reduce trading list to adapt to gov’t regulations

South Korean exchanges are cutting down their trading list to align with the government’s quick-shifting regulations guiding the cryptocurrency market.

So far, only 20 exchanges have been granted the must-have Information Security Management System Certificate by the Korea Internet and Security Agency (KISA)

A mandatory requirement for any exchange company to operate in the Asian country.

Local news platform, Airrang, says eleven out of those exchange companies are “halting or even completely ending the trading of certain high-risk minor coins.

Top tier exchange Upbit has delisted Payoin, Maro, Solve.Care, Quiztok, and Observer from their trading list. 

Huobi has discontinued trading Huobi token. Coinbit stopped trading 8 tokens added 28 coins to their warning list.

Next: Respected Economist, Steve Hanke, criticize El Salvador’s Bitcoin adoption

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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