PANews reported on March 21 that according to the Korea Economic Daily, the Financial Intelligence Analysis Unit (FIU) under the Financial Services Commission (FSC) of South Korea has taken enforcement action against overseas cryptocurrency exchanges that provide services to Korean users without registration. This action is based on the Specific Financial Transaction Information Reporting and Use Act. According to reports, the FIU is considering blocking website access as the main enforcement measure, and the target exchanges include BitMEX, KuCoin, CoinW, Bitunix and KCEX.
South Korea’s financial regulator launches enforcement action against unregistered overseas crypto exchanges
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