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Cryptopolitan 2023-08-28 12:15:49

South Korean crypto exchanges required to hold $2.3 million in reserves amid regulatory overhaul

Starting in September, South Korean cryptocurrency exchanges will be mandated to set aside at least 3 billion won ($2.3 million) in reserves, according to guidelines released by the Korea Federation of Banks. According to local media outlet News1 today, this move is part of South Korea’s broader strategy to bolster consumer protection measures in the ... Read more

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