South Korean regulator will tighten the supervision on cryptocurrency exchange

FSC plans to control crypto exchanges directly. Currently, they are controlled partially with an accounts demand from the bank's restrictions. Decision made in 2018 wasn’t popular, but the current one is certainly not.

It's core in a cryptocurrency exchange licensing, according to renewed FATF international standards. This, according to one of the FSC managers, will multiple crypto currency transactions transparency.

E-CHAT team opinion

For the most of exchanges that haven’t got an identification of their users implemented will be hard to run a business. Moreover,each owner while making transactions will be under total control.This is contrary to one of the main abilities-cryptocurrency anonymity.

  • Date news 08/07
  • Views news 362
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