FTC puts crypto exchanges under regulatory scrutiny
The logo of Upbit is seen in front of Dunamu headquarters in Seoul, in this undated file photo. Dunamu is the operator of the largest crypto exchange here. Yonhap
The Fair Trade Commission (FTC) is showing signs of tightening oversight on major cryptocurrency exchanges amid growing calls to hold them to the same regulatory standards faced by legacy financial firms.
The latest in a series of investigations into the exchanges came on Wednesday, when the authority sent investigators to the headquarters of Bithumb, the second-largest crypto exchange here.
The exchange operator is suspected of having engaged in false advertising regarding the scale of its liquidity. In March and April last year, Bithumb claimed in multiple press releases that…
