Korea Starts On-Site Inspections of Bitcoin Exchanges
South Korea’s Ministry of Science and Korea Communications Commission announced that they will conduct on-site inspections of cryptocurrency service providers including Bitcoin exchanges. They will focus on the cybersecurity of these providers and their compliance with privacy laws. Zdnet Korea elaborated:
"The Korea Communications Commission (KCC) plans to conduct on-the-spot checks on the implementation of technical and administrative safeguards for personal information pursuant to the Act on the Promotion of Information and Communication Network Utilization and Information Protection and to strictly rectify any violations."
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