South Korean National Police Service, Binance and other crypto exchanges in the country will hold the meeting.
The processes of crypto exchanges to comply with regulatory clarity and meet the requirements of countries continue at full speed. Efforts of centralized exchanges to find common ground with the traditional system marked this year.
Finally South Korea, crypto-plans to enter bilateral interaction with exchanges. South Korea National Police organization is working on a system for real-time wallet monitoring and funds freezing functions. Therefore, the institution Binanceand other country Meeting with crypto exchanges.
South Korea’s National Police Service to Meet with Crypto Exchanges in the Country
South Korean National Police Serviceis developing a system that allows to monitor crypto wallets and freeze funds when necessary.
TO- dailyAccording to a report by South Korea’s The police force will begin talks to cooperate with crypto exchanges. During the meetings, the use of the new system to be created in the stock markets will be discussed. South KoreaIt is stated that Binance will also take part in this meeting, apart from the crypto exchanges in .
Focusing on the system that will facilitate the tracking of virtual wallet addresses and the intervention of funds when necessary. South Korea National Police organization, especially Binancewill establish a closer relationship with
The country’s police force uses this system outside of the five major stock exchanges. 36 local exchanges plans to expand it to the whole. Before south korea police has signed deals with five domestic crypto exchanges, including Upbit. This agreement paved the way for the new system.
