"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.
They are not shutting down exchanges, they are only requiring regulations that other assets' exchanges require too. You can't trade stocks and be anonymous, for example.
No exchange has been harmed in the production of that law