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South Korean Crypto Exchange rewards users on Reporting Illegality - Incrypts

South Korean Crypto Exchange rewards users on Reporting Illegality

South Korean Crypto Exchange rewards users on Reporting Illegality

The Upbit crypto exchange has presented a new system. The users can report crypto frauds so as to identify fake multi-level crypto schemes. The exchange highlighted that this measure is to foster ‘sound cryptocurrency ecosystem.’ Presently, the system is to be live until 31st March 2019. The reward paid to the complainant amount to 1 million won.