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BitMEX Joins Binance To Modify Its Services By CoinQuora

by Mike Robinson

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South Korean Exchange Crackdown: BitMEX Joins Binance To Modify Its Services
  • South Korea moves to regulate crypto exchanges.
  • BitMEX takes down the Korean language on its website before the September 24 deadline.
  • Only four of the registered exchanges remain, while 40 others may be closed.

South Korea joined Australia and other countries to create new cryptocurrency requirements. BitMEX will remove Korean-language materials from its trading platform.

Local exchanges as well foreign exchanges in the country must comply with the Anti-Money Laundering Rules. Exchanges offering won-denominated trading pairs and the Korean Language need to file.

Furthermore, all Korean exchanges must register with the anti-money laundering division by September 24, according to Korean regulators. The regulators stated that any exchange failing to register with its anti-money laundering arm will cease operating in South Korea.

Clearly, with the introduction of the new crypto requirements in South Korea, d…

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