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29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down



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  1. tldr; The deadline for crypto exchanges in South Korea to meet requirements to stay open under the new regulation has passed. Only four out of 29 exchanges have successfully partnered with banks to offer real-name accounts to their users. Exchanges that fail to do so face a fine of up to $42,365 or five years in prison.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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