Bithumb will be launching the Internet computer protocol (ICP) today.
The new regulations in South Korea are coming into force next month.
Bithumb, the second-largest cryptocurrency exchange in South Korea, has announced the launch of the Internet Computer Protocol (ICP) Korean Won (KRW) trading market to commence on June 12, 2024, at 20:00.
The launch of the ICP-KRW trading pair is expected to provide more possibilities and facilitate liquidity in the market. This move comes in at the time, when new South Korean cryptocurrency regulations coming into force in July. However, the exchanges are building up efforts to list coins. These changes are part of the government’s strategy to monitor the rapidly growing digital asset market. That will ensure enhanced security and compliance. Exchanges are to implement strict anti-money laundering measures, enhance user verification, and ensure the protection of assets.
Notably, South Korea’s Financial Services Commission publish
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