South Korea: Regulators To Shut Down At Least 11 Crypto Exchanges!

News stories about crypto regulations have dominated the industry recently.

The more crypto is getting mass-adopted, the more regulators will have an eye on the industry. And now, there has been some news about regulations coming from South Korea! 

According to the news agency The Korea Herald, South Korean regulators are about to shut down at least eleven crypto exchanges! But South Korea’s Financial Services Commission will introduce stricter regulations in general. 

All in all: crypto regulations are getting stricter all around the world – also in South Korea! If the regulators will go after Korean exchanges only, is yet to see.

South Korean regulators acted quite aggressively towards the crypto industry recently. E.g. more and more exchanges in the country are struggling to keep their license! 

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