Cryptocurrency exchanges Bithumb, Coinone and Korbit announced Wednesday they will implement their own "travel-rule" system in January.
SK Square, an investment-focused SK Telecom spinoff, started trading Monday, just as shares of SK Telecom, the surviving entity, began trading again after being suspended due to the complex corporate reconstitution.
Sept. 24, 2021 will be remembered by some local cryptocurrency fans as doomsday as some 30 exchanges were forced to close and another two dozen became the walking dead with a big chunk of their business now forbidden.
The Financial Services Commission (FSC) announced Friday night that Dunamu, operator of cryptocurrency exchange Upbit, is the first virtual asset service provider to complete registration with the government.
Major cryptocurrency exchanges Bithumb, Coinone and Korbit all appear to have reached deals with banks that will allow them to survive beyond the Sept. 24 deadline.
The country's major cryptocurrency exchanges -- Bithumb, Coinone and Korbit -- are likely to extend their partnerships with banks soon, which would give them a way to survive beyond Sept. 24.
Bithumb, Coinone and Korbit announced Tuesday that they have established a corporation that will help them abide by the so-called travel rule, an anti-money laundering standard.
Upbit is by far the largest cryptocurrency exchange in Korea and the second largest globally in terms of trading volume.
The country’s largest crypto exchanges are sweating it out with smaller, less-credible competitors as banking relationships are uncertain and they could find themselves unable to operate legally in Korea later this year.