14 Korean Exchange to be Vulnerable

Test was ran by authorities from September to December 2018, covered exchanges on 85 criteria
11 January 2019   151

The authorities of South Korea summed up the results of checking 21 cryptocurrency exchanges for compliance with security requirements. According to its results, only seven sites - Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco and Huobi Korea - received a positive conclusion from regulators, writes CoinDesk.

The test, which ran from September to December 2018, covered Bitcoin exchanges on 85 criteria. In particular, regulators were interested in administrative, network, system and operational security, as well as the presence of database backups and features of wallets management.

According to the Ministry of Economy and Finance, 14 trading platforms were recognized as “vulnerable to hacker attacks” due to “inadequate network security management.” At the same time, the regulator did not disclose the names of these platforms.

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   28

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.