According to a recent announcement, unauthorized South Korea’s crypto exchange Zinex will terminate its business.
The announcement states:
“Since the establishment of Zeniex on May 8 of 2018, we have strived to provide our best service with the vision of 'Promoting sound Crypto Finance’. However, with recent issues regarding ZXG, we have gone through great deliberation both internally and externally.”
It’s planned that Zeniex will terminate all of its services on November 23, 2018.
Earlier, South Korea’s Financial Services Commission (FSC) warned investors against investing in crypto funds, because they have similarities to traditional funds so investors may falsely believe these funds are legitimate.
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