Upbit Faces Regulatory Scrutiny Over Market Monopoly Concerns as South Korea Preps for 19 July
South Korea's new Virtual Asset User Protection Act, effective July 19, 2024, aims to safeguard users and regulate virtual asset markets by mandating strict monitoring of transactions and preventing unfair practices. This legislation also addresses concerns over market monopolization, particularly regarding Upbit's significant market share and its partnership with K Bank.
Anais