Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Tnoy30 on June 16, 2021, 12:47:55 PM
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Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list. South Korea's cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have this week moved to delist or warn against specific digital assets they have judged to be high-risk for investors.
The trend, as local reporters note, has seemingly been sparked by the increasing level of intervention by financial regulators into crypto service providers' operations. Last week, Korea's Financial Intelligence Unit (FIU) reportedly contacted 33 crypto trading platforms to warn that it would be conducting a field consultation before Sept. 24.
Source: Regulations drive Korean exchanges to delist, warn against high risk coins
(https://cointelegraph.com/news/regulations-drive-korean-exchanges-to-delist-warn-against-high-risk-coins)