More than 60 cryptocurrency exchanges in South Korea must notify their customers of a partial or complete cessation of trading by midnight on Friday 17/9, one week before the entry into force of a new regulation.
According to Reuters, in order to continue operating, exchanges must register with the relevant Financial Intelligence Unit by September 24, providing a security certificate from the Internet Security Service.
They should also work with banks to ensure that the accounts belong to real names.
Unregistered exchanges must terminate their services after September 24, while those that have registered but have not secured partnerships with banks will be barred from trading in the wagon.
Of all the exchanges, almost 40 are about to suspend all their services.
At the same time, 28 have security certificates but have not secured partnerships with banks.