On August 13, it became known that the largest cryptocurrency exchange Binance has liquidated all trading pairs with the participation of the KRW asset. As it became known, this decision was made against the background of various legislative changes and is aimed at complying with the new regulations.
It is noted that this time this kind of innovation was influenced by the Japanese regulator, which tightened the list of requirements for conducting crypto-activities.
In an official statement, Binance said that trading with KRW is no longer available on the platform’s website, as is the use of a wallet in this cryptocurrency. The exchange publicly associates such a decision with “the desire to comply with local regulations.”