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Chinese Exchange Giant to halt expansion amid Crypto Crackdown in South Korea

September 18, 2021
Source: elevenews.com elevenews.com
News Snapshot:
As the South Korean crypto crackdown expands, China’s top exchange, OKEx announced halting any further business expansion in the nation to avoid regulators’ wrath. As reported on Twitter by the Chinese Journalist, Colin Wu, this halt has come as an effect of the strict South Korean regulatory policies. ByBit suspends services in South Korea The Korean Crypto Crackdown is expanding at a rapid pace. Cryptocurrency derivatives exchange, Bybit also announced the suspension of Korean language support from its platforms, along with its official South Korean community on social media from September 20 onwards, as licensing deadline approaches. The exchange further...
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China Tech Buzz Topics: ban | bank | bitcoin | blind | blockchain | boycott | Business | Chinese | commission | community | crackdown | crypto | cryptocurrency | currency | education | expansion | finance | fintech | fraud | media intelligence | News Media | social media | South Korea | Twitter | university

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