Cryptocurrency Q&A
What are the new rules for crypto in South Korea?
What are the new rules for crypto in South Korea?
Skywalker
Thu Oct 10 2024
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6 answers
1621
I'm curious about the recent changes in South Korea's cryptocurrency regulations. Could you please inform me about the new rules that have been implemented for crypto in South Korea?
6 answers
Raffaele
Sat Oct 12 2024
The recently enacted legislation in South Korea has introduced stringent regulations for digital asset exchanges, marking a significant shift in the country's approach to cryptocurrency management.
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TaekwondoMaster
Sat Oct 12 2024
These regulations now legally mandate service providers to adhere to strict safety measures, ensuring the protection of users' crypto assets.
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emma_anderson_scientist
Fri Oct 11 2024
A key provision requires exchanges to maintain at least 80% of their clients' cryptocurrency deposits in cold storage, a highly secure offline environment.
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CherryBlossomFall
Fri Oct 11 2024
By segregating user funds from their operational funds, the regulation aims to minimize the risk of potential losses due to hacks or other security breaches.
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Caterina
Fri Oct 11 2024
The adoption of cold storage for a majority of user deposits signifies a commitment to enhancing the security and trustworthiness of digital asset exchanges in South Korea.
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