South Korea cracks down on BitMEX, KuCoin over unregistered crypto services: report
South Korea is reportedly targeting unregistered foreign exchanges like BitMEX and KuCoin for illegal operations, with access-blocking measures under consideration.
South Korea‘s financial authorities have begun taking action against several foreign crypto exchanges, including BitMEX and KuCoin, for offering services to Korean users without proper registration under the country’s Specific Financial Information Act.
Korean authorities are considering sanctions against several foreign exchanges that have been providing services to South Korean investors without proper registration, according to a report by The Korea Economic Daily. A spokesperson for the Financial Intelligence Unit said the regulator is…
