Buy Verified Bitfront Account at low Price
What is a Bitfront Account setup?
Just as LINE led a new era of mobile communications with its messaging app, LINE is also aiming to bring the cryptocurrency industry into the mainstream.
LINE believes everyone should be able to freely trade and securely store their digital assets on an exchange, while also enjoying the highest levels of credibility and trust. The result is BITFRONT, a revolutionary digital currency exchange for the cryptocurrency industry.
Buy Bitfront Account Setup
- Bitfront Account
- 100% Satisfaction
- Fully verified Account
- Moneyback Guaranteed
- Best price and quality
- 24/7 Support
Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders
With tighter regulations on the horizon, digital asset exchange Bitfront is reportedly joining those platforms that are planning to pull out of South Korea’s cryptocurrency market.
The U.S.-registered entity, which was established by the Japanese messaging app company Line, is going to limit its services in the country next month, Korean media revealed.
Foreign Crypto Exchanges Leaving South Korea Because of Regulatory Changes
The stricter rules, introduced with the revised Special Funds Act which took effect on March 25, will be enforced in September after a six-month grace period.
They require crypto trading platforms to register with Korea’s anti-money laundering body, the Financial Intelligence Unit (FIU), by Sept. 24 and cooperate with domestic banks on the issuance of real-name accounts. Failure to comply could lead to blocked access, penalties, and even criminal prosecution.
In July, the country’s Financial Services Commission (FSC) warned over two dozen exchanges targeting Korean nationals.
Smaller and foreign-based exchanges have found it difficult to secure a partnership with a local banking institution as Korean banks fear exposure to money laundering, fraud, and other crypto-related risks.
Starting from Sept. 25, exchanges will be banned from withdrawing money for cryptocurrency trading if they have not implemented real-name bank accounts, Yonhap noted.
Binance, the world’s leading cryptocurrency exchange, said last week it’s ending the offering of a number of products and services in South Korea. This decision, announced on Friday, involves the discontinuing of trading pairs and payment options in Korean won as well as peer-to-peer (P2P) merchant applications and Korean language support.
On Wednesday, another overseas digital asset exchange, FTX Trading, removed Korean from the language options available on its website.
I can’t receive coins (Digital Tokens) deposited to my BITFRONT wallet
Make sure that your deposit address was entered correctly in the withdrawal address field of the other wallet or exchange website, or that the QR code was scanned properly.
Coin (Digital Token) transfer requests ordinarily take between 10 and 30 minutes to complete. Please wait for enough time to pass and check your recent history again under History > Deposits and withdrawals.
Visit Buyaccountnow.com To Buy any kinds of Accounts