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South Korea FSC Reviews Hana Bank Deal — Finance-Crypto Rules Unclear

South Korea FSC Reviews Hana Bank Deal — Finance-Crypto Rules Unclear

South Korea’s financial regulator just threw a wrench into one of the year’s most significant crypto deals. The Financial Services Commission’s Virtual Asset Division confirmed this on May 18. It is actively reviewing whether Hana Bank’s acquisition of a 6.55% stake in Dunamu. The operator of Upbit, falls under the country’s finance-crypto separation regulations. 

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