Korean Crypto Exchange Coinone Will No Longer Allow Withdrawals To

Unverified External Wallets

Starting January 24 users of Korean exchange Coinone will no longer be allowed to withdraw crypto (including eCash (XEC) ) to wallets that are not verified using the same identifying information. This in fact means that withdrawing to non custodial wallets like ElectrumABC, Cashtab (and for other coins Metamask or Ledger), will no longer be permitted as KYC or AML verification measures are not possible for these types of wallets. Other Korean exchanges are expected to announce similar measures.

https://www.theblockcrypto.com/post/128735/korea-crypto-exchange-%E2%80%8Ecoinone-withdrawals-external-wallets

News source:
https://coinone.co.kr/info/notice/1596?__cf_chl_jschl_tk__=41vSPtemnwCkPtNu7KX7QmqjvgO2zWfFAyRTbw62C90-1640786677-0-gaNycGzNCaU

(google translation of Coinone notice)
"Information on external wallet registration procedures following the implementation of the customer verification system

Hello, this is Coinone.

In accordance with the implementation of the customer verification system, the customer's external wallet registration procedure will be implemented.

After the implementation schedule, withdrawal of virtual assets to unregistered wallets is restricted.

Enforcement Date: January 24, 2022 00:00 (Enforcement date subject to change)

External wallet preliminary registration period: From December 30, 2021 to January 23, 2022 (Wallet registration is possible even after the preliminary registration period.)

Target: All customers who need to withdraw virtual assets to an external wallet (including domestic/overseas corporations)

External wallet registration procedure: For details, see External wallet registration procedure guide

Notice

1. After the implementation schedule, withdrawals to unregistered wallets are restricted, so please apply in advance during the preliminary registration period.

2. For external wallet registration, only the customer's own wallet can be registered. You cannot register someone else's wallet.

3. If you apply for wallet registration, the identification process may take some time.

4. Please note that during the preliminary registration period, registration may be processed in batches after registration, and information will be provided to customers when registration is complete.

5. After registration is complete, please make sure that the wallet address you applied for is correct.

6. The registration process is subject to change in the future.

Thank you for always using Coinone, and we will repay you with better service.

thank you.
Coinone Team Dream"

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Its a matter of time to happen in brazil and portugal as well. The government wants to tax crypto.

Same in Turkey