Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Tanimariya on June 16, 2021, 12:36:11 PM

Title: South Korean Exchanges Halt Trading on Certain Cryptos as Regulatory Pressure Mo
Post by: Tanimariya on June 16, 2021, 12:36:11 PM

Upbit, Huobi and Coinbit are among the cryptocurrency exchanges outlined in the report that have halted trading on certain coins. Upon the shifting sands of South Korea’s cryptocurrency regulations, digital asset exchanges have begun halting trading on certain coins deemed to be too high-risk to investors.

According to a report by local news outlet Arirang on Wednesday, 11 out of 20 exchanges that have received a Security Management System certificate have either stopped trading coins or issued warnings.  Source Link

 (https://www.coindesk.com/south-korea-crypto-exchanges-halt-trading-certain-coins)

Title: Re: South Korean Exchanges Halt Trading on Certain Cryptos as Regulatory Pressure Mo
Post by: Oxumare on June 16, 2021, 12:43:45 PM

Cryptocurrency exchanges in South Korea collectively take such a step,Could this be related to the legal regulations that will be implemented this year?

"Upbit; It has delisted cryptocurrencies named Paycoin, Maro, Observer, Solve.Care and Quiztok from the exchange.
Huobi Korea has decided to suspend the operations of its own  Huobi Token.
Coinbit; It was reported that he suspended transactions with 8 cryptocurrencies and warned about 28 cryptocurrencies."