2024.01.29
Huobi Korea Ceases Cryptocurrency Exchange Operations Amid Regulatory Pressure
Huobi Korea, a South Korean cryptocurrency exchange, ceased its operations on January 29th due to the challenging business environment and impending license renewal requirements. The decision was influenced by operating losses and a tightening regulatory landscape. The closure follows similar actions by other exchanges like Cashierest and Coinbit. Regulatory changes, including stricter licensing requirements, pose additional challenges to the cryptocurrency exchange industry in South Korea.
Visit our official English blog to read more about "Huobi Korea Ceases Cryptocurrency Exchange Operations Amid Regulatory Pressure"
