crypto exchange

South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed. South Korea’s Financial Post reported that the Democratic Party, the National Assembly’s biggest party, is currently “considering” issuing a manifesto promise to ditch existing fiat on/off banking rules. Crypto Exchange Deregulation

South Korean crypto exchanges are “worried” they may be hit with a commission fee cap following recent comments from Lee Jae-myung, the frontrunner in the nation’s presidential race. Per the South Korean newspaper Noksek Gyungjae Shinmun, crypto exchanges think Lee’s promise to “lower crypto transaction fees” could result in lower profits for their platforms. South

The South Korean Fair Trade Commission (FTC) has classified the crypto exchange Bithumb as a conglomerate. The designation will force the company to adhere to a range of financial compliance rules. Per Jeongi Shinmun, Bithumb was one of just five companies added to the FTC’s list of conglomerate companies and business groups on May 1.