Crypto Market Braces for Crash As S. Korea FSC Investigates Upbit
In the latest development on Thursday, South Korea’s Financial Services Commission (FSC) said that they would investigate the monopoly structure of the country’s crypto market centered around crypto exchange Upbit. This comes as a major blow to Upbit which is currently the second-largest spot crypto exchange across the world. The broader crypto market has already been under selling pressure as Bitcoin (BTC) and Ethereum (ETH) both tanked over 2.3%.
Upbit Partnership With K-Bank Under Scanner
During the National Assembly State audit on Thursday, October 10, South Korea’s Democratic Party lawmaker Lee Kang-il shared concerns over the growing monopoly in the country’s crypto…
