Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

[AJBot]

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 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said. 16 Foreign Crypto Exchanges Flagged by South Korean Regulator South Korea’s top financial regulator, the Financial Services Commission (FSC), announced Thursday that the ...

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[Kvngsammy]

I'm beginning to love these Asian countries again after falling out of love with them because of the case of Terra Luna. Not only will this boost trust, it'll create employment which other first world nations should be seen emulating.

 

[nana kwasi1]

I don't really hold investors and traders accountable. The Central Bank's policies and the way it chooses to implement them have been the main factors in the depreciation of the Naira. Other currencies throughout the world are also not exempt.

 

[Sotherefore]

If it was wrong the government should have prevented them from operating in the country long time ago. From all indication it seems they have been operating for a long period of time now