South Korea To Sanction Crypto Exchanges Operating Illegally
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South Korean financial authorities are considering sanctioning and blocking access to multiple overseas crypto exchanges, including BitMEX and KuCoin, for allegedly offering their services to Korean customers without registration.
Overseas Crypto Exchanges Risk Sanctions
On Friday, local news media outlet Hangyung reported that South Korea’s Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has identified multiple foreign crypto exchanges providing services to Korean customers without proper registration.
The financial authority found that many well-known…
