OKEx Korea crypto exchange to shut down as new reporting laws take effect

OKEx Korea crypto exchange to shut down as new reporting laws take effect

OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday. The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday.Users will have to withdraw their Korean won and crypto holdings by April 7. After that date, the exchange “will not be held liable for any losses arising from failure to withdrawal by the customer,” OKEx Korea stated.OKEx Korea will accept withdrawal applications on a 24/7 basis until 6:00 p.m.....


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