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Line’s cryptocurrency platform to Cease Activity Crypto Trading in South Korea

Line, the Japanese tech giant and cryptocurrency owner LINK. It has been reported that the service will be curtailed in September at South Korea.

According to report by Yonhap News, crypto trading on Bitfront (Line’s crypto exchange platform) will be discontinued in the United States. Korean language service will be suspended on September 14 and Korean credit card payments will be suspended on the same day. South Korea’s financial transaction reporting law requires crypto exchanges. All must register with regulators and obtain an information security certificate by Sept. 24. The certificate is provided by Korea Internet and Security Agency as a requirement for virtual asset providers. This also applies to crypto exchanges that want to operate in the country.

Earlier this month, Binance, one of the most popular trading platforms. Suspended payments in the currency South Korean won. with the intention of also complying with the laws of South Korea.

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