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70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says

A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in…

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Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5…

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60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange…

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Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly…

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