South Korea Blockchain Association Approves 12 crypto exchanges
The South Korea Blockchain Association has approved 12 crypto exchanges including Bithumb and UPbit over the past week, of having adequate security measures and internal management systems in place.
Local publications reported that Bithumb, UPbit, Gopax, OKCoin Korea, Korbit, Coineone, CoinZest, CPDAXX, HanbitKor, Huobi Korea, and NeoFrame, and DexKor were approved by the South Korea Blockchain Association, an institution that oversees the cryptocurrency industry and the blockchain sector.
Following the announcement of the South Korea Blockchain Association, local publications have reported that a new wave of capital is expected to come into the cryptocurrency market, given that crypto exchanges were essentially placed on hold after the government disclosed its intent to officially legitimize the cryptocurrency market and regulate crypto trading platforms as regulated financial institutions.