It's a Secret: Exclusive Deals Inside

Coinone will stop withdrawals to unverified external wallets

United States, New York, New York
Published 3 years ago
ID #1153
QR CODE
1 photo
Full Node
Coinone will stop withdrawals to unverified external wallets
United States, New York, New York,
Published 3 years ago

X-Node Details

South Korean cryptocurrency exchange Coinone announced that it plans to stop allowing token withdrawals to unverified external wallets starting in January.

In an announcement made Wednesday, Coinone said that users would have from December 30 to January 23 to register their external wallets with the exchange, after which it would restrict withdrawals. 

The exchange specified that cryptocurrency users would only be able to register their own wallets, and that the verification process "may take some time" and could change in the future.

Korean government calls on Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOGL) stores to withdraw play-to-earn games

According to the statement, Coinone planned to verify user names and resident registration numbers (issued to all South Korean residents) to ensure that crypto transactions "were not used for illegal activities such as money laundering."

The exchange's clients likely won't be able to withdraw funds to their wallets without Know Your Customer, or KYC, safeguards. This restriction also applies to the popular hardware wallet, Ledger.


Vote
Result 2 votes

 

Contact seller

    franko
    User-Chain-Block
    You must log in or register a new account in order to contact the advertiser.

    Comments

    Question? Need more information? Want to ask question? Add new comment...
    Ask questions related to this listing only.
    Comments are moderated.
    Add new comment
    Full Node

    Seller's info

    franko
    User-Chain-Block

    X-NODE Location

    United States, New York, New York
    St. New Town City 3848