Cryptocurrency exchange Binance said a new South Korean law going into effect early next year was another factor.
The company, with operations in Hong Kong, the Philippines, Indonesia and Vietnam, will be permanently shuttering its doors on March 4.
Any breaches of the order would face "severe regulatory sanctions," the central bank warned.
Dec 26, 2015
This year, around nine bitcoin firms went belly up for a host of reasons. We take a look at what happened.
Oct 13, 2015
European cryptocurrency exchange Yacuna has announced it will close next month.