South Korea takes away exchange discretion in a major anti-phishing crackdown

South Korea takes away exchange discretion in a major anti-phishing crackdown

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailSouth Korea takes away exchange discretion in a major anti-phishing crackdownThe new rules apply uniform criteria for withdrawal exceptions based on account history and transaction patterns.By Francisco Rodrigues, AI Boost|Edited by Jamie Crawley Apr 8, 2026, 10:44 a.m. Make preferred on (Daniel Bernard/Unsplash)What to know: South Korea's financial regulators have ordered all domestic crypto exchanges to adopt a single withdrawal delay system to combat voice phishing scams.The new rules apply uniform criteria for withdrawal exceptions based on account history and transaction patterns.Fewer than 1% of users are expected to qualify for instant withdrawals, and exchanges must strengthen identity checks and monitoring.In this articleWLFIWLFI

Source: https://www.coindesk.com/policy/2026/04/08/south-korean-authorities-mandate-unified-crypto-withdrawal-delays-to-curb-fraud