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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

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