Yonhap: Half of South Korea’s crypto exchanges have taken down a variety of torrents

Half of the major exchanges with certain qualifications have distanced themselves from so-called “cryptocurrencies” since the South Korean government decided to start cryptocurrency market management, according to Yonhap News Agency on June 16. According to exchange industry sources, after the South Korean government released its cryptocurrency market management plan on May 28, 10 of the 20 exchanges certified by the Information Protection Management System (ISMS) announced that they had taken down multiple coins or designated some coins as special projects, and some exchanges closed their doors to markets other than the Korean won market. Industry insiders said the wind of coin withdrawals in the country has not stopped and predicted that more coins will be withdrawn from the market for the time being.