TechFlow news, November 17 — Korea's largest financial media outlet, The Bell, reported that Huobi may acquire Bithumb, South Korea’s largest virtual asset exchange. Multiple domestic investment banking sources indicated that Huobi aims to enter the Korean market and conduct virtual asset business following the implementation of Korea's Special Financial Transaction Act, which requires exchanges to obtain real-name verified accounts. Currently, only four virtual asset exchanges in South Korea hold real-name verification accounts: Bithumb, Upbit, Coinone, and Korbit.
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