The third-biggest cryptocurrency exchange in South Korea, Coinone, is looking for the sale of shares held by its chairman, as revealed via a report from local news outlet Seoul Economic Daily. The exchange is looking for different options to sell a portion of Chairman and biggest shareholder Cha Myung-hoon’s 53.4%
Korbit, the South Korean crypto exchange, has been struck with a fine. For gathering inordinate individual information from somewhere around one of its clients. As per the news office Yonhap, the exchange was fined simply over USD 4,000 by an administration watchdog. For requesting a client who had endeavored to initiate
AML and Banking regulations are a threat to the Big 4 crypto exchange. More than 100 smaller exchanges are expected to close. Due to AML protocol, Banks are unhappy. Anti-money laundering(Aml) and banking regulations newly imposed by South Korea, causing tensions that have even left the big four domestic crypto
