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The audit results for Korean exchanges have been announced, 12 passed (UPBit, Bithumb included)
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Korean Exchanges Pass Review; Lawmakers Rush to Revise Bills | Asia Crypto Today
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Korea Blockchain Association reviewed 12 Korean exchanges for its operations, security, etc., and have stated that they meet min requirements for self-imposed regulations.
These exchanges include Upbit and Bithumb.
From the article:
“Industry insiders expect that new issuances of commercial bank accounts will begin in the coming days or weeks following this announcement. The new bank accounts will allow exchanges to increase their user base and circulating supply of funds.”
For the past 6 months many Koreans could not purchase cryptocurrency due to the denial of commercial bank accounts. We can expect new money to flow into the Korean exchanges again when this clears up.
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Local Crypto Exchanges are Circumventing India’s New Bitcoin Ban
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China Celebrates Killing Its Bitcoin Exchanges as CNY Volume Falls Under 1%
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