POPA ReconSouth Korea's cryptocurrency holdings have halved as investors move into stocks.
South Korea's cryptocurrency holdings have halved as investors move into stocks. - South Korea's cryptocurrency market slump is not just about price declines. The decline in exchange deposits shows less investment waiting funds, which undermines the outlook for short-term volume on local exchanges. - The market decline comes as regulators prepare stricter anti-money laundering rules. Financial authorities plan to implement an amendment in August that automatically classifies cryptocurrency transactions worth more than 10 million won using overseas exchanges or personal wallets as suspicious.…
The excerpt is quoted from a public Telegram channel, which owns its text.