fatfrog
2021-09-17
Woah
Over 60 S.Korean crypto exchanges set to suspend services next week
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They must also partner with banks to ensure real-name accounts.</p>\n<p>Exchanges that have not registered must shut down services after Sept. 24, while those that have registered but failed to secure partnerships with banks will be prohibited from trading in won.</p>\n<p>\"Should some or all services need to be closed, (exchanges) should notify customers of the expected closing date and procedures to withdraw money by at least seven days before the closure,\" the Financial Services Commision said earlier this week. It said this should be completed no later than Sept. 17.</p>\n<p>Of all exchanges, nearly 40 are set to suspend all services. 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They must also partner with banks to ensure real-name accounts.\nExchanges that have not registered must shut down services after Sept. 24, while those that have registered but failed to secure partnerships with banks will be prohibited from trading in won.\n\"Should some or all services need to be closed, (exchanges) should notify customers of the expected closing date and procedures to withdraw money by at least seven days before the closure,\" the Financial Services Commision said earlier this week. It said this should be completed no later than Sept. 17.\nOf all exchanges, nearly 40 are set to suspend all services. 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