RE: Massive drop looming16 Jan 2022 17:25
Looking forward to the launch of the new website (waited long enough) in the mean time
Many of South Korea’s 200 crypto exchanges are facing an “existential crisis” as they struggle to meet the conditions for regulatory approval to shake one of the largest cryptocurrency markets in the world.
In order to obtain a business license as a legal trading platform, Korean exchanges must work with local banks to open real bank accounts for customers. However, the banks fear that this could make them liable for money laundering in digital currencies.
With funding here coming by way of a new crypto launch, makes me wonder if the above could be the reason for the lack of progress and radio silence, with a 15% spread it will be a worrying time for alot of shareholders trying to escape.
Update needed to try to ease the nerves, things certainly starting to get to a few over commited holders.