South Korea Mandates 30% Reserve for Crypto Exchanges to Deter Illegal Activities!

The post South Korea Mandates 30% Reserve for Crypto Exchanges to Deter Illegal Activities! appeared first on Coinpedia Fintech News Cryptocurrency exchanges in South Korea with bank-issued real-name accounts will have to reserve 30% of their daily average deposits or a minimum of 3 billion won ($2.26 million) starting from September 2023. According to a report by News 1. This move by South Korea’s Financial Services Commission aims to curb illegal activities and protect investors …