South Korean exchange Upbit closes fiat trading for foreigners
The South Korean cryptocurrency exchange Upbit will prohibit the trading of fiat currencies to foreign traders and will focus on serving local users due to regulatory uncertainty. Upbit, a South Korean exchange, is concerned that the marketplace is having difficulties in bringing digital and fiat currency trading to international users. The key problem is the impossibility of securing uncontrolled trading in fiat currencies using verified bank accounts. Upbit announced that it has entered into a…
