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Coinone Crushes Court Case: South Korean Exchange Defends Doubled Bitcoin Withdrawals in Landmark Ruling

Coinone Crushes Court Case: South Korean Exchange Defends Doubled Bitcoin Withdrawals in Landmark Ruling

Author:
Coindesk
Published:
2025-07-03 13:20:06
9
3

Crypto Exchange Coinone Wins South Korean Court Battle Over Doubled Bitcoin Withdrawals

South Korea's crypto scene just got a jolt of judicial clarity—and Coinone's popping champagne.

The exchange scored a decisive victory against regulatory pushback, with courts upholding its controversial decision to double Bitcoin withdrawal limits. No more begging bureaucrats for permission to move your own money—for now.

Behind the legal win? A textbook case of crypto's frictionless ethos clashing with old-guard financial controls. The ruling effectively greenlights higher liquidity flows, though skeptics whisper this just lets exchanges offload compliance costs onto users (classic finance play).

One thing's certain: When the next bull run hits, Seoul's traders won't be stuck watching from the sidelines while their stacked sats gather dust in custodial limbo.

|Square

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