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All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down. South Korea currently has about 200 cryptocurrency exchanges, he said. All Crypto Exchanges Could Be Shut Down in South Korea At the general meeting of the National Assembly’s Political Affairs Committee last week, The Korea Times quoted Chairman Eun as saying: All of the nation’s 200 cryptocurrency exchanges could be shut down after September once a special financial law takes effect. Chairman Eun explained that cryptocurrency exchanges are required to…

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OpenBazaar Decentralized Marketplace Could Close Soon

OpenBazaar, the decentralized marketplace could close soon unless the community donates $100,000 as we are reading more in the latest crypto news. The most popular decentralized marketplace OpenBazaar has no choice but to shut down unless the community donates money until Friday. One of the longest-running decentralized marketplaces has an issue with the lack of user growth but it said they will continue to operate if the community makes donations. Someone donated 2.5 ETH last night to @openbazaar, wow. pic.twitter.com/tL3Z5Lgfju — OpenBazaar (@openbazaar) September 26, 2020 OpenBazaar said on Friday that they will shut down unless they receive financial support.…

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