South Korea’s Financial Intelligence Unit has referred about 40 unregistered virtual asset service providers to investigative authorities and warned consumers about the risks linked to unauthorized crypto businesses.
Summary
- South Korea’s FIU has referred about 40 unregistered crypto firms to law enforcement and warned consumers about fraud, hacking, and money laundering risks.
- Authorities said some overseas crypto platforms targeted Korean users through Telegram and KakaoTalk while attempting to conceal their domestic operations.
- The warning comes ahead of new rules for cross border digital asset transfers as regulators tighten oversight of the country’s growing crypto…
