The exchange will cease operations from April 7.
The total trading volume on South Korea’s crypto exchanges jumped above $14.5 billion on Sunday.
The system will allow individuals to utilize the issued CBDCs in various ways.
The financial regulator will impose a fine on digital exchanges for failure to report suspicious crypto transactions.
The local branch will start operating from next month.
The minority ownership will be transferred on February 22.
Nexon reportedly partnered with Vidente to buy majority stakes in the crypto exchange.
The group already backs many prominent projects like Klaytn, Link, and ICON.
99 percent of the trading volume on the local exchange are allegedly fake.
Korea's National Assembly proposed a delay in the crypto tax rule to push the implementation to January 2022.
The new law will come into effect in March 2021.
The exchange was raided three times earlier this month.
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