South Korea’s messaging app KakaoTalk has announced a reduction in functionality for its integrated crypto wallet, Klip. This move aligns with the country’s upcoming Virtual Asset User Protection Act, set to take effect on July 19.
KakaoTalk launched Klip within its ecosystem on June 4, 2020, offering users easy access to featured dApps like THETA.tv Korea. Users received TFUEL, which could be converted to Klaytn-based “Beans” tokens, developed by Theta Labs. The platform, developed by Ground X, provides users with a unique opportunity to use crypto assets within the messaging app.
Recent reports indicate that GroundX, in preparation for complying with South Korea’s new crypto regulations, has applied for a virtual asset service provider (VASP) license. While KakaoTalk has opted to scale back Klip’s functionality, the platform aims to mitigate the risks associated with the Virtual Asset User Protection Act.
As a result, Klip within KakaoTalk has suspended crypto services, and users can no longer view token balances or initiate token transfers. However, customers can still use Klip’s standalone app, launched in July 2022, for crypto services.
South Korea has announced the upcoming implementation of its first law on crypto user protection on July 19. With this new act, South Korea plans to systematically review 1,333 altcoins over six months, eliminating the possibility of a “mass delisting.” In connection with the new regulatory norms, 29 crypto exchanges, including Upbit, Bithumb, and Gopax were ordered by the regulators to assess their tokens in compliance with the law.
In short, KakaoTalk is adjusting to the new rules by making Klip less crypto-centric. But crypto fans in South Korea can still use Klip’s separate app for their digital currency needs. It is a sign of the changing times as the country gets ready for stricter crypto regulations.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
how can i get clomid without prescription where can i get cheap clomid without prescription can i purchase clomiphene online where can i get clomiphene without dr prescription where can i get cheap clomiphene pill cost of generic clomid prices can i buy generic clomid without prescription
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
This is a theme which is virtually to my heart… Numberless thanks! Faithfully where can I find the phone details for questions?
This is the kind of serenity I enjoy reading.
order azithromycin 250mg for sale – ciplox 500 mg drug buy flagyl 200mg generic
order rybelsus 14mg online cheap – order rybelsus 14mg brand cyproheptadine 4 mg
purchase motilium pills – buy tetracycline 500mg pills order flexeril 15mg without prescription
order generic inderal 20mg – inderal price methotrexate 10mg usa
amoxicillin tablet – ipratropium online buy combivent generic
order zithromax 500mg pill – order bystolic 20mg nebivolol 5mg tablet
buy augmentin 625mg without prescription – at bio info buy acillin
where can i buy esomeprazole – nexium to us purchase esomeprazole online cheap
order coumadin 5mg sale – https://coumamide.com/ cost cozaar 25mg
My brother recommended I may like this blog. He was entirely right. This post actually made my day. You cann’t imagine simply how a lot time I had spent for this information! Thank you!
mobic for sale – relieve pain buy mobic 15mg pill
deltasone oral – allergic reactions oral prednisone 5mg
top ed drugs – medicine for erectile buy ed pills generic
how to buy amoxil – https://combamoxi.com/ amoxicillin cheap
order forcan – order diflucan 100mg diflucan 100mg over the counter
buy cenforce without prescription – https://cenforcers.com/# order cenforce 100mg for sale
purchase cialis online – on this site cialis erection
order zantac without prescription – https://aranitidine.com/# ranitidine 300mg over the counter
order generic cialis online 20 mg 20 pills – buying cialis without prescription cialis for pulmonary hypertension
This is the make of enter I turn up helpful. https://gnolvade.com/es/gabapentina-300-mg-capsulas/
Palatable blog you procure here.. It’s severely to espy elevated worth article like yours these days. I justifiably comprehend individuals like you! Take care!! buy zithromax online cheap
This is a keynote which is in to my verve… Myriad thanks! Quite where can I lay one’s hands on the connection details an eye to questions? https://ursxdol.com/provigil-gn-pill-cnt/
Thanks on putting this up. It’s understandably done. https://prohnrg.com/product/atenolol-50-mg-online/
I conceive you have remarked some very interesting details, thanks for the post.
Good blog you possess here.. It’s severely to find high status writing like yours these days. I justifiably appreciate individuals like you! Take care!! Г©quivalent sibelium
I intended to create you that very small observation just to give thanks as before on the stunning tips you’ve discussed at this time. It’s certainly extremely open-handed of you to supply unhampered all that a lot of folks could possibly have marketed for an e book to get some profit for themselves, chiefly considering that you could have tried it in the event you desired. Those suggestions likewise served to be a fantastic way to understand that most people have the same interest just like my personal own to know the truth more and more when considering this problem. I think there are several more fun sessions in the future for many who looked at your site.
More posts like this would make the online elbow-room more useful. https://ondactone.com/simvastatin/
With thanks. Loads of expertise!
https://proisotrepl.com/product/methotrexate/
Heya! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to stop hackers?
This is the kind of enter I unearth helpful. http://www.orlandogamers.org/forum/member.php?action=profile&uid=29105
I was just seeking this info for some time. After six hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that don’t rank this kind of informative websites in top of the list. Generally the top sites are full of garbage.
I regard something genuinely special in this web site.
Fantastic web site. A lot of helpful information here. I¦m sending it to a few pals ans additionally sharing in delicious. And obviously, thanks in your effort!
dapagliflozin us – https://janozin.com/ buy generic dapagliflozin 10 mg
buy orlistat pills for sale – https://asacostat.com/ orlistat 120mg pills