South Korea Approved 12 Crypto Exchanges, New Source Of Money Coming In

The Blockchain Association of South Korea has endorsed 12 Crypto Exchanges i.e Bithumb, UPbit, Gopax, OKCoin Korea, Korbit, Coineone, CoinZest, CPDAXX, HanbitKor, Huobi Korea, and NeoFrame, and DexKor in the course of the last multi week.

Beforehand the Korean government had put this procedure to hold as they were attempting to direct the cryptocurrency market in South Korea. After the declaration the South Korea Blockchain Association and neighborhood productions have revealed that another wellspring of capital will come to cryptocurrency market.

But Investors are not happy after the announcement due to the controversial decision to approve Bithumb. Bithumb was earlier hacked on june for over $40 million from which $16 million was said to be recovered.

Bithumb which was the biggest exchange of South Korea from then has lost the trust of local investors because after the security breach, Bithumb immediately disabled the withdrawals and deposit and has not enabled it till now.

So what do you guys thing about this whole controversy? Let me know in the comments.