42 virtual asset operators, including 29 virtual currency exchanges, have completed reporting to the government in accordance with the revised Specific Financial Information Transaction Act.
Of the exchanges, only four, including Upbit and Bithumb, have real-name bank accounts and are able to trade in won, and the remaining 25 exchanges that have failed to establish a real-name account alliance are only allowed to trade in virtual currency.
About 20 exchanges that did not report within the deadline were banned from business from today (25th).