Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities.
The spark led to a rollout of self-inspections of the cryptocurrency exchanges by the KBA stemmed from the announcements, which the Korean Financial Services Commission (FSC) gave to the public about newly introduced crypto regulatory frameworks.
As previously reported by Coinspeaker, last week South Korea officially recognized the cryptocurrency exchanges as the
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