![South Korea Mandates a '$2.3M Reserve' for Crypto Exchanges](https://metanews.com/wp-content/uploads/2023/08/24DB81F6-B3AE-466F-A2DA-7E766BF36841-300x169.jpeg)
South Korea Mandates a ‘$2.3M Reserve’ for Crypto Exchanges
South Korea has taken a decisive step, instructing its local cryptocurrency exchanges to maintain a reserve of at least 3 billion won, equivalent to roughly $2.3 million. This directive, anchored in the “Virtual Asset Real-Name Account Operation Guidelines” by the