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South Korean Exchange Crackdown: BitMEX Joins Binance To Modify Its Services

coinquora.com
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South Korean regulators tell crypto exchanges to register with their anti-money laundering arm or shut down. BitMEX closes shop in Korea.
South Korea moves to regulate crypto exchanges.

BitMEX removes the Korean language from its site ahead of the September 24 deadline.

Only four exchanges have fully registered and 40 may close down.

South Korea has joined other countries such as Australia to introduce new crypto demands. As a result, BitMEX is removing Korean language materials from its trading platform and website.

Further, the new Anti-Money Laundering rules are required of local exchanges and foreign exchanges operating in the country. Also, exchanges that offer won-denominated trading pairs or the Korean Language…
Juliet Ujunwa Ihiasota, Roland Guirdonan, Chloe Demir
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