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Over 60 S.Korean crypto exchanges set to suspend services next week

Over 60 S.Korean crypto exchanges set to suspend services next week



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8 Comments

  1. This is just one big BS; the law requires them to bank with a local banker – but the local bankers are conspiring against them and preventing them from operating, that’s the core of conflict of interest.
    The bankers control the lawmakers and the honest people who dare peek beyond useless fiat money fall between the seats.

  2. tldr; Over 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial Intelligence Unit by September 24, providing a security certificate from the internet security agency and partner with banks to ensure real-name accounts.

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

  3. Look at what happened in Nigeria, India, Turkey and other countries when they try and ban crypto.
    Governments and the current banking system are just too slow to keep up with this technology.
    Millions of people have simply found ways around these old systems.

What do you think?

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