By CryptoNews - 8 months ago - Reading Time: 1 minutes
South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September.The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen incidents such as hacks or system failures....
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Original source: CryptoNews