Yesterday, August 13, cryptocurrency exchange Binance stopped trading in pairs with the Korean won and significantly restricted other services for South Koreans due to regulatory requirements.
According to the official announcement of the site, on August 13 at 2:00 pm Moscow time, Binance stopped trading in pairs with the fiat currency of South Korea, as well as accepting deposits in Korean won and payments in this currency.
In addition, South Koreans will no longer be able to use the P2P exchange option on the Binance platform. The management of the exchange even decided to remove support for the Korean language on the site.
“Our goal is to create a sustainable ecosystem around blockchain and digital assets. Binance welcomes the development of the regulatory framework in the industry, as it allows for closer collaboration with regulators. We strive to develop a constructive regulatory policy that will benefit every user, ”the site said in a statement.
Earlier it was reported that in connection with the tightening of requirements of regulators in South Korea for cryptocurrency exchanges, 11 local sites are planned to be closed.
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