Korean Regulator Tells Crypto Exchanges to Revise User Agreements
A South Korean regulator has ordered 12 of the country's cryptocurrency exchanges to revise their user agreements. In a statement published yesterday, the South Korean Fair Trade Commission (FTC) outlined the mandate, which was directed at popular exchanges like Bithumb, Korbit, Coinone and many others. According to a report from the South Korean news agency Yonhap, officials faulted the exchanges for failing to provide the necessary protections for users in the so-called adhesion contracts, also known as boilerplate contracts
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