South Korea has been a major player in the cryptocurrency market since its inception. The country is home to some of the largest exchanges and trading platforms, and its citizens are some of the most active traders in the world.

However, the government has been notoriously hostile to cryptocurrencies, and has taken a number of steps to crack down on the industry.

In January 2018, the South Korean government announced a set of regulations that would ban anonymous trading on exchanges, and require traders to use their real names when trading. The government also imposed a number of other restrictions, including banning foreigners from trading on South Korean exchanges.

These regulations caused a major sell-off in the cryptocurrency market, and led to a number of exchanges shutting down or relocating to more friendly jurisdictions. Binance, one of the world’s largest cryptocurrency exchanges, was one of the companies affected by the regulations.

Binance had been operating in South Korea since early 2018, but was forced to shut down its operations in the country after the new regulations were announced. The company has since relocated to Malta, where it has been granted a “digital asset business license” by the country’s financial regulator.

While Binance is no longer operational in South Korea, there are a number of other exchanges that continue to serve the South Korean market. These exchanges have either complied with the new regulations, or have found ways to work around them.

The bottom line is that South Korea is still a major player in the cryptocurrency market, despite its hostile stance towards cryptocurrencies. There are a number of exchanges that continue to serve the South Korean market, and traders have found ways to work around the new regulations.