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Binance exchange reported that the Binance Korean unit was closed for South Korean users. It is reported that as of today, deposits were stopped, trade transactions were stopped on January 8, and withdrawals will continue until the closing date of 29 January 2021. Low transaction volumes are cited as the reason for the closing of the Platform, which was recently opened in April 2020. Although Binance officials do not make another statement, there are opinions that the reason for the Platform's closure may be related to the law that will enter into force in the country on March 25, 2021. There is a provision in the law clause that will come into effect on the specified date: "Customers are not allowed to trade virtual assets with their customers of other virtual asset operators through partnerships with other virtual asset operators." There is a general expectation that as the effective date of the current law approaches, they will want to terminate their transactions on other stock exchanges in the country.