South Korea highest volume exchange in crypto.

Discussion in 'Crypto Assets' started by Zr1Trader, Sep 4, 2017.

  1. Not talked about much but I find this notable.

    South Korea has had the highest volume for crypto exchanges the past few months.

    Perhaps helping fuel the latest bubble.

    https://coinmarketcap.com/exchanges/volume/24-hour/

    Today they just announced a crackdown and regulations.

    "South Korean government to bring AML/KYC scrutiny and apply securities law to ICOs, exchanges."

    "
    They will punish initial coin offering (ICO) that raises funds in the form of stock issuance using digital currencies permitted in some countries, including Switzerland, for violating the capital market act. Kim Yong-beom, the secretary-general of the FSC who chaired the task force meeting, said, “At this point, digital currencies cannot be considered money and currency not financial products.”



    In addition, they will thoroughly examine customer information leakages caused by hacking and take severe disciplinary action for violations. They are also planning to examine the current conditions of digital currency traders and establish joint inspection systems with the KFTC, prosecution, police and NTS."

    http://www.businesskorea.co.kr/engl...al-authorities-strengthen-regulations-digital
     
  2. Interesting how this announcement came one day after China's ICO ban.

    Regulators all over the world now have ICO's and exchanges in their sites.
     
  3. ET180

    ET180

    To imply that regulators have been happy with cryptocurrencies up until this point?