Cracks

South Korea Cracks Down On 17 Crypto Exchanges

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South Korean organizers asked Google to prevent access to 17 encryption exchanges. The affected exchanges include Kucoin, Mexc, PhenEx, Coinex, Poloneix and more. “The Financial Intelligence Unit (FIU) has identified the non-reported companies abroad (16 companies in 2022, 6 companies in 2023) and provide instructions to provide reporting companies to refrain from doing business with … Read more

South Korea Cracks Down On KuCoin And BitMex Among Other Crypto Exchanges

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The Financial Intelligence Unit (FIU) in South Korea, which falls within the framework of the Financial Services Committee (FSC), has started enforcement procedures against many encrypted currency exchanges, including Kucoin and Bitmex, to work in the country without registration as virtual asset services provider (VASPS) under South Korea’s financial information law. According to local media … Read more