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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16669740" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3740812-60-south-korean-crypto-exchanges-set-to-suspend-operations-next-week-reuters" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3740812-60-south-korean-crypto-exchanges-set-to-suspend-operations-next-week-reuters" target="_blank">60+ South Korean crypto exchanges set to suspend operations next week: Reuters</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Over 60 cryptocurrency exchanges in South Korea have until Friday midnight to <a href="https://www.reuters.com/article/southkorea-cryptocurrency/over-60-s-korean-crypto-exchanges-set-to-suspend-services-next-week-idUSL1N2QJ04V" target="_blank">notify</a> customers of a partial or full suspension of trading services, a week before a new anti-money laundering regulation comes into effect, Reuters reports, citing people familiar with the matter.</li> <li data-xf-list-type="ul">"Should some or all services need to be closed, (exchanges) should notify customers of the expected closing date and the procedures to withdraw money by at least seven days before the closure," the Financial Services Commission said earlier this week.</li> <li data-xf-list-type="ul">Exchanges that have not registered with the Financial Intelligence Unit by Sept. 24, as well as those that have registered but failed to secure partnerships with banks will be prohibited from trading in won.</li> <li data-xf-list-type="ul">Of all exchanges, nearly 40 are set to suspend all services, while another 28 have security certificates, but have not secured bank partnerships, Reuters notes.</li> <li data-xf-list-type="ul">A mere four exchanges - Upbit, Bithumb, Coinone and Korbit - have registered and secured partnerships, and thus can make won settlements.</li> <li data-xf-list-type="ul">Some smaller exchanges already said they will end Won trading, and will continue operations involving only digital coin trading until securing partnerships with banks, Reuters reports.</li> <li data-xf-list-type="ul">In the crypto universe, Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a> -1.3%) slides to $47.4K in the past 24 hours, and has been trading in the $47K to $48.6K range since Wednesday.</li> <li data-xf-list-type="ul">In mid-August, Binance ended South Korean <a href="https://seekingalpha.com/news/3730262-binance-discontinues-won-trading-pairs-payment-options-to-comply-with-regulation-coindesk" target="_blank">Won trading pairs to comply with regulation</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16669740, member: 137766"] [URL='https://seekingalpha.com/news/3740812-60-south-korean-crypto-exchanges-set-to-suspend-operations-next-week-reuters'] 60+ South Korean crypto exchanges set to suspend operations next week: Reuters[/URL] [LIST] [*]Over 60 cryptocurrency exchanges in South Korea have until Friday midnight to [URL='https://www.reuters.com/article/southkorea-cryptocurrency/over-60-s-korean-crypto-exchanges-set-to-suspend-services-next-week-idUSL1N2QJ04V']notify[/URL] customers of a partial or full suspension of trading services, a week before a new anti-money laundering regulation comes into effect, Reuters reports, citing people familiar with the matter. [*]"Should some or all services need to be closed, (exchanges) should notify customers of the expected closing date and the procedures to withdraw money by at least seven days before the closure," the Financial Services Commission said earlier this week. [*]Exchanges that have not registered with the Financial Intelligence Unit by Sept. 24, as well as those that have registered but failed to secure partnerships with banks will be prohibited from trading in won. [*]Of all exchanges, nearly 40 are set to suspend all services, while another 28 have security certificates, but have not secured bank partnerships, Reuters notes. [*]A mere four exchanges - Upbit, Bithumb, Coinone and Korbit - have registered and secured partnerships, and thus can make won settlements. [*]Some smaller exchanges already said they will end Won trading, and will continue operations involving only digital coin trading until securing partnerships with banks, Reuters reports. [*]In the crypto universe, Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL] -1.3%) slides to $47.4K in the past 24 hours, and has been trading in the $47K to $48.6K range since Wednesday. [*]In mid-August, Binance ended South Korean [URL='https://seekingalpha.com/news/3730262-binance-discontinues-won-trading-pairs-payment-options-to-comply-with-regulation-coindesk']Won trading pairs to comply with regulation[/URL]. [/LIST] [/QUOTE]
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