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Coin Edition 2024-08-13 09:26:50

South Korea Mandates Insurance for Closed Crypto Exchanges

South Korea’s Financial Supervisory Service (FSS) now requires defunct cryptocurrency exchanges to obtain insurance to safeguard user assets. This measure comes as part of a wider initiative to bolster investor protections following the recent implementation of the Virtual Asset User Protection Act, South Korea’s first comprehensive regulatory framework for the crypto industry. The new insurance The post South Korea Mandates Insurance for Closed Crypto Exchanges appeared first on Coin Edition .

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