Express

Crypto Exchange Bitfront: To End Korean Services Ahead of Tough New Regulations

Amy Liu

Summary: U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. With tighter regulations on the horizon, Bitfront is reportedly joining those platforms that are ...

U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders.

With tighter regulations on the horizon, Bitfront is reportedly joining those platforms that are planning to pull out of South Korea’s cryptocurrency market. It is going to limit its services in the country next month. Bitfront also said it will discontinue payments with Korean credit cards on Sept 14.

By Amy Liu

Last Update:

Tags: ,,,
Link: Crypto Exchange Bitfront: To End Korean Services Ahead of Tough New Regulations   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.