Following the approval of 12 out of 12 Crypto Exchanges, South Korea Blockchain Association under fire

2018-7-14 00:11

Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities.
The FSC specifically wanted money laundering and cyber-crime prevention to be the major issues that the exchanges should be focusing on.
Hence, the forthcoming FSC regulations aimed to provide frameworks that pertains to AML and KYC requirements for the exchanges to follow.
The other day, the Korea Blockchain Association, an industry body that contains nearly two dozen cryptocurrency companies, has concluded an in-house examination of 12 domestic digital currency trades that began in May.
The 12 exchanges receiving the approval are: Dexko, Hanbitco, OKCoin Korea, Huobi Korea, Bithumb, Upbit, Neoframe, Gopax, Cpdax, Coinzest, Korbit and Coinone.

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korea association issues south blockchain exchanges cyber-attacks

korea association → Результатов: 11


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