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BOK will base its evaluation on the technological capacity of each firm.
Lee Jung-hoon allegedly took the funds from BK Group owner Kim Byeong-gun as an upfront "contract fee" in acquisition negotiations.
The move caused prices for many altcoins to plummet by 50% or more, causing considerable losses among retail investors.
There are no guarantees that even the "Big 4" Korean crypto exchanges will survive the imminent regulatory tidal wave.
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
The South Korean parliament has begun discussing a number of bills specifically addressing crypto.
Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance.
Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.
The government's "special enforcement period" stems from a new crypto-related law that took effect this year.