The Authorities of South Korea Licensed the First Crypto Exchange in the Country

All digital asset trading platforms on the territory of South Korea the revenue of which exceeds $100 million require a special license, called ISMS (Information Security Management System license).

Upbit became the pioneer in this regard. It received the license from the authorities for its well-built infrastructure. The other popular South Korean exchanges that are likely to get an ISMS include such giants as Bithumb and Korbit.  

ISMS is a necessary step in securing the flow of crypto in the country and minimize the risks of possible hacks, scams and thefts. We remind you:

Three South Korean Exchanges Were Caught Stealing Assets from Their Customers

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