Korea’s Biggest Cryptocurrency Exchange Bans Trading in 11 Countries!!

Referring to illegal tax avoidance concerns, South Korean digital currency trade Bithumb has restricted exchanging 11 nations including North Korea, Iran, Iraq.
In a declaration on Monday, the trade said it will agree to worldwide hostile to illegal tax avoidance standards by hindering all exchanges of occupants in wards having a place with the Non-Cooperative Countries and Territories (NCCT) boycott.
The 11 NCCT countries are North Korea, include Bosnia and Herzegovina, Ethiopia, Syria, Iran, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu and Yemen.
As indicated by information from Coinmarketcap, Bithumb is Korea's biggest and the world's fifth biggest cryptographic money trade with over $400 million in tokens exchanged over a 24-hour time span.

Furthermore, Bithumb says it has reinforced its own against tax evasion arrangements by executing the proposals of experts from the South Korean government and the Korea Blockchain Association, a self-administrative industry working gathering. Built up in December, the body presented various measures incorporating moral codes with an end goal to encourage straightforwardness in household crypto exchanging markets. The business body likewise commanded strict principles to anticipate advertise control and insider exchanging. Various significant trades including Bithumb and Upbit will experience intermittent assessments.
For international users, Bithumb is in the process of mandating a mobile verification process to avoid any instances of falsification of user information, the exchange added.