Korean Exchange Terminating After Regulator Crackdown

Cryptocurrency alternate Zeniex has introduced that it’s terminating all companies after South Korea’s monetary authorities began cracking down on unauthorized crypto funds. The alternate is asking its prospects to withdraw their cryptocurrencies earlier than the end-of-service date.

Additionally learn: Yahoo! Japan Confirms Entrance Into the Crypto House

Terminating Companies and Fund

Zeniex, an alternate launched in Might, introduced on Friday the termination of all companies. The choice follows the investigation by South Korean monetary authorities of the alternate’s cryptocurrency fund known as Zxg Crypto Fund No. 1 (ZXG). Zeniex elaborated:

With current points relating to ZXG, we’ve got gone via nice deliberation each internally and externally. Consequently, we’ve got come to the conclusion that persevering with to function such service will likely be tough. It’s with a lot remorse to announce that each one companies of Zeniex will likely be terminated on November…

Read full story