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Huobi Korea Gets ISMS Certification for Its P2P Services

Huobi Korea Gets ISMS Certification for Its P2P Services
  • Huobi Korea has acquired the Information Security Management System (ISMS) certification.
  • Huobi Korea will facilitate an understandable management system for clients’ data, assets, and information.
  • Korea Internet and Security Agency (KISA) gave Huobi the approved certificate on January 18, 2021.

South Korean cryptocurrency exchange Huobi Korea has acquired the Information Security Management System (ISMS) certification. In detail, Huobi Korea is a subsidiary crypto exchange platform of Huobi Global.

The Korea Internet and Security Agency (KISA) gave the certificate on January 18 of this year.

For this acquisition, Houbi Korea will comply with new regulations in South Korea. Moreover, the ISMS certificate will help it to carry on its peer-to-peer (P2P) services.

Through the certification, Huobi Korea will also pioneer an understandable management system for customers’ data, assets, and information.

Prior to this, on November 3, 2020, South Korea’s FCA implemented the Special Payment Act on crypto. The Special Payment Act required crypto lovers and major crypto entities to conform to Know-Your-Customer (KYC) and anti-money laundering policies.

Moving forward, the Special Payment Act “Enforcement Decree” will order virtual currency providers to audit clients’ real names and data. The auditing will take effect soon after the authority cross-checks these data with their social security numbers.

Huobi Korea claims that it is “the first” global virtual asset exchange platform that has acquired the ISMS’s certification. Furthermore, it considers the certification as highly evaluated purposely for its safety. Meanwhile, Huobi Global continues to expand its reach around the world.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.