Chinese Exchange Giant to halt expansion amid Crypto Crackdown in South Korea


Source: bitcoinwarrior.net bitcoinwarrior.net

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As the South Korean crypto crackdown expands, China’s top exchange, OKEx announced halting any further business expansion in the nation to avoid regulators’ wrath. As reported on Twitter by the Chinese Journalist, Colin Wu, this halt has come as an effect of the strict South Korean regulatory policies. Affected by South Korean regulatory policies, OKEx, one of China’s largest exchanges, told the media that it will not expand any business in South Korea for the time being. — Wu Blockchain (@WuBlockchain) [September 18, 2021] ByBit suspends services in South Korea The Korean Crypto Crackdown is expanding at a rapid pace....