TronWeekly
South Korea has begun regulatory action against five overseas crypto exchanges for operating illegally without proper registration. The Financial Intelligence Unit (FIU) identified KuCoin, BitMEX, CoinW, Bitunix, and KCEX violating the Specific Financial Information Act. Regulatory action involves access restrictions and sanction implementations because authorities are strengthening their oversight of cryptocurrency operations…
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South Korea Strikes Hard on KuCoin and 4 Other Crypto Giants
Mutuma Maxwell
22:29
South Korea has begun regulatory action against five overseas crypto exchanges for operating illegally without proper registration. The Financial Intelligence Unit (FIU) identified KuCoin, BitMEX, CoinW, Bitunix, and KCEX violating the Specific Financial Information Act. Regulatory action involves access restrictions and sanction implementations because authorities are strengthening their oversight of cryptocurrency operations…
