- The Nationwide Police Company held a gathering with 5 Korean cryptocurrency exchanges and Binance.
- The assembly was a few new system that the company plans to implement in cryptocurrency exchanges.
- The system would enable customers to examine cryptocurrency wallets and request an account freeze.
Based on a South Korean media report, main cryptocurrency trade Binance at this time attended a “digital asset trade work assembly” organized by the Nationwide Police Company the place the company mentioned its plans for a brand new system to be applied. cryptocurrency exchanges.
Could 30 The company has determined to introduce a brand new system to the cryptocurrency trade that may enable traders to confirm cryptocurrency pockets addresses and submit freeze requests if mandatory, a report printed on Monday stated. The event of the brand new system applies to 5 main Korean cryptocurrency exchanges, in addition to Binance.
It was in 2023. in February, when Binance returned to the Korean crypto market by investing within the main South Korean crypto firm GOPAX, which in 2022. suspended withdrawals in November resulting from challenges skilled by Genesis International Capital, LLC. Binance cited GOPAX’s dedication to the cryptocurrency neighborhood as a purpose to assist the corporate.
in 2022 October month. police signed contracts with 5 cryptocurrency corporations, together with Upbit, leading to a “verification system for digital asset exchanges”. Based on the system, 5 main exchanges should obtain info throughout cryptocurrency financial analysis.
Binance has taken a number of methods to guard its companies and forestall fraudulent exercise. in 2023 March. Binance has partnered with legislation enforcement to create a joint anti-fraud marketing campaign. Equally, the corporate froze accounts linked to a North Korean cyber assault to safe funds.
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