Today, July 11th, KBA (Korean Blockchain Association ) announced their report about regulatory review of Korean exchanges with positive results.
All of reviewed exchanges had passed needed minimum requirements of self-imposed regulations.
12 popular exchanges of were inspected: Dexco, NeoFrame, UPbit, Bithumb, Gopax, OKCoin Korea, Korbit, CoinOne, Coin Jest, CPDAX, Hanbit and Huobi Korea. Fortunately, they all passed inspection. This will lead to increasing legitimacy of cryptocurrency and makes it easier for Korean citizens to once again invest into crypto.
For the past 6 months major part of Koreans were not able to purchase cryptocurrency due to the denial of commercial bank accounts.
This might form a new wave of money flowing into the Korean exchanges and crypto market.
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