In a significant move to align with local regulations, Bybit has announced new measures to tighten oversight on affiliate marketing aimed at Korean users. According to the conclusions drawn in the analytical report, this decision follows recent warnings from Korean regulatory bodies about the dangers posed by illegal virtual asset operators.
Bybit's Initiative for Compliance in Korea
Bybit's initiative is designed to ensure that its marketing practices adhere to the legal framework established in Korea. The exchange is particularly focused on preventing affiliates from exploiting referral programs to target the Korean market without proper compliance.
Monitoring Affiliate Activities
To enforce these new guidelines, Bybit will actively monitor the activities of its affiliates. The company has stated that it will take necessary actions, which may include:
- Suspending affiliate partnerships
- Terminating affiliate partnerships
Commitment to Responsible Practices
This proactive approach underscores Bybit's commitment to maintaining a responsible and compliant presence in the Korean cryptocurrency landscape.
In light of Bybit's recent compliance measures for affiliate marketing in Korea, the Financial Security Institute (FSI) has also taken significant steps by expanding its digital asset security team. This initiative aims to enhance oversight in the evolving cryptocurrency landscape. For more details, see read more.
