Hi, It's Unicorn

The Financial Services Commission of Korea (FSC) announced today that it would make legislative advance notice of the amendment to the Enforcement Order of the Specific Financial Information Law before July 26. The amendment stipulates is that cryptocurrency exchanges will not be able to act for the exchange or its related personnel directly to issue or trade cryptocurrencies. 

The amendment also stipulates that cryptocurrency exchanges and employees are prohibited from trading through related operating companies (exchanges). The FSC said the reason for this amendment is that some cryptocurrency operators forge assets on the internet platform, such as manipulating the price of cryptocurrencies.

The South Korean government continues to execute strict supervision on the cryptocurrency market. They deliver warnings and discontinue some specific digital assets with high risk. Small cryptocurrency exchanges in Korea face more regulatory limits.