South Korean crypto exchanges exceeded the stock market in trading volume, driven by increasing interest in altcoins and a high-risk investment preference among Korean investors.
WeiliangSouth Korean crypto exchanges successfully stopped cybercriminals from stealing over $82 million through romance scams. Their secret weapon: abnormal transaction detection systems that actively spot and block fraudulent activities, providing a robust defence against online scams.
JoyMajor exchanges are already preparing to meet the new requirements.
ClementThe cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said.
Coindesk
Coinlive Coinlive Some investors are concerned that tensions between major crypto exchanges Binance and FTX could weigh on the digital asset market.
Market Watch
CatherineCrypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
CointelegraphThe two exchanges cited Korea's Act on the Reporting and Use of Specific Financial Transaction Information, a law that requires crypto exchanges to put in place KYC and AML systems.
Cointelegraph