ilmscore | Prediction Details
"an amendment was made to its special Financial transactions information act that requires crypto exchanges to register with South Korea's Financial Services Commission these exchanges then have to provide kyc information to Banks now this ruling has forced some smaller exchanges to go out of business which arguably flushes out some less credible platforms"
By Coin Bureau | October 19, 2024 | Pending
From video
Crypto Regulation 2024: What You Need To Know! 00:17:40 - 00:18:03
Interpreted Prediction
South Korea's amended Special Financial Transactions Information Act requires crypto exchanges to register and share KYC data with banks, leading to the closure of smaller, less credible exchanges.

Prediction Details

Topic
South Korea Crypto Regulation

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