South Korean Encryption Exchanges With Bank Real-Name Accounts Need To Prepare at Least 3 Billion Won in Reserves From September

2023/08/28 06:46

According to the guidelines, South Korean cryptocurrency exchanges that have obtained real name accounts from banks will need to establish a reserve of at least 3 billion won and a maximum of 20 billion won from September. This is to fulfill the compensation responsibility to users in the event of accidents such as hacker attacks and computer failures.

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