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