South Korea requires crypto exchanges to set aside at least $2.3 million

17:24 - 28.08.2023

August 28, Fineko/abc.az. South Korea has required crypto exchanges inside the country to hold minimum reserves of 3 billion won ($2.3 million).

Major exchanges such as Upbit and Bithumb are on track to comply with the requirement.

The requirement will be in place from September. Exchanges are reported to be preparing new rules for the crypto-sector.