"The reports also state that the FSS will crack down on cryptocurrency exchanges by banning margin trading and stepping up enforcement of anti-money laundering (AML/KYC) regulations."
They are shutting down Korean exchange. We are doomed.
But banning margin trading and implementing strong AML/LYC policy doesn't mean they are just shutting down crypto exchanges.
Like predicted many other countries are also following Chinese trend, crypto might get into bearish trend now for considerably long time.