Key Takeaways:
As South Korean authorities intensify their crackdown on the cryptocurrency market, regulators are targeting overseas crypto exchanges operating without proper licensing. The Financial Intelligence Unit (FIU) has said some well-known platforms, including KuCoin, BitMEX, CoinW, Bitunix and KCEX, are not properly registered as virtual asset service providers (VASPs) under the Specific Financial Information Act in the nation.
Why South Korea Is Cracking Down on Crypto Exchanges
At the heart of the matter is compliance with South Korean regulations. And the FIU is concerned that these exchanges ..
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