LABEL Foundation (LBL) has been listed on South Korean digital asset exchange Coinone. The listing is a huge milestone for the project given that South Korea possesses some of the strictest crypto listing regulations worldwide. The process involves in-depth reporting and high-level scrutiny from local financial watchdogs, all of which LABEL Foundation has successfully passed to be listed on Coinone. Crypto exchanges like Coinone are among the few left after the market shutdown that saw most crypto exchanges in the region shutter their doors due to the inability to comply with strict regulations. One reason for this is that cryptocurrencies are still not regarded as legal money in the country, and although crypto exchanges are legal, they have to operate under strict guidelines, and crypto projects are not exempt from these regulations. After proving compliant with these regulations, LABEL Foundation recently received approval to be listed on the crypto exchange with a listing spot with the KRW (South Korean currency). This comes on the heels of Clesson, its parent company, raising $2 million in equity funding to put the project at the forefront of Web 3.0 content creation. This $2 million equity funding came from two large investment funds; EBest Investment & Securities and Groom Investment, both of which are established players in South Korea. LABEL Foundation Continues To Grow Since its inception, LABEL Foundation has gr...
