Anti-monopoly fears grow after the enforcement of the Special Act
It was found that the customer deposits and number of users of Upbit, a virtual currency exchange, differed by several orders of magnitude compared to other large exchanges. As the number of exchanges that will meet the reporting requirements of the Specific Financial Information Act (Special Provisions Act) is expected to be in the minority, including Upbit, the industry is concerned about a monopoly.
According to data received from four major exchanges, including Upbit, Bithumb, Coinone, Korbit, by Rep. Yoon Doo-hyeon, a member of the National Assembly’s Political Affairs Committee, on the 29th, the balance of deposits by Upbit users to buy coins was 5.267.8 trillion won. am. It is 5.1 times larger than the deposit of Bithumb (1.349 trillion won), which is the second largest transaction after Upbit. Compared to Coinone (247.62 billion won) and Korbit (68.54 billion won), they are 21 times and 77 times higher, respectively.
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