NEW DELHI: In a move to regulate the crypto industry in South Korea, the Financial Services Commission (FSC) of Korea mandated crypto exchanges to get certified by the Korean Internet and Security Agency (KISA) to continue operating after September 24.
The crypto exchanges were required to fulfill certain requirements to continue legally functioning in the country. Out of 63 crypto exchanges operating in the country, 28 met the preliminary requirements and received certification from KISA to remain open and function as crypto-only exchanges. They await the final license from FSC and internet regulators.
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