South Korea introduces new rules for crypto exchanges! 🚨
- On July 19, the “Law on the Protection of Users of Virtual Assets” came into force.
- Exchanges are required to insure user assets against hacker attacks and store them separately from their funds.
- Strengthened controls on money laundering and immediate reporting of suspicious transactions are required.
- Crypto exchanges are afraid of mass delisting of tokens due to new rules.
Source: FSC