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Navigating Change: South Korea's Crypto Exchanges Brace for New Reserve Requirement

Navigating Change: South Korea's Crypto Exchanges Brace for New Reserve Requirement
Amidst a dynamic landscape in the South Korean crypto asset landscape, exchanges are bracing for change, with the Korean Federation of Banks issuing real-name account operation guidelines that demand a minimum reserve of 3 billion Korean won (USD $2.3 million).While the guidelines aim to safeguard users from potential mishaps like hacking or system failures, cryptocurrency exchanges, which are already grappling with capital erosion, could face challenges. According to the local media publication... Read More
Posted: Aug 28 2023, 15:27
Author Name: financemagnates
Views: 102111

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