[KOREA Financial Services Commission’s Sanctions on Non-Reported Domestic Business Activities of Foreign Virtual Asset Service Providers] Announcement of Bitrue’s Position.
[KOREA Financial Services Commission’s Sanctions on Non-Reported Domestic Business Activities of Foreign Virtual Asset Service Providers] Announcement of Bitrue’s Position.
Hello, this is Encle Foundation.
NKCLC is currently listed on Bitrue and Bittrex.
There was an announcement regarding the regulation of Vitru’s future domestic business activities, which was reported in the media, on August 19, 2022.
(Refer to the related article link) https://decrypt.co/107711/south-korea-to-block-kucoin-poloniex-in-crackdown-on-unregistered-crypto-exchanges
The Encle Foundation inquired with Vitru to protect the assets of NKCLC users and received the following reply.
“We have already removed the Korean language support and is currently checking this matter with the Financial Service Commission of South Korea.
We would always ensure the users’ assets and information are secure at Bitrue.”
Due to Vitru’s response, it is thought that the current transaction will be possible, and we will inform you further when the official position of Vitru is announced again in the future.
