The South Korean Financial Intelligence Unit has recently made a public announcement regarding its decision to increase the level of scrutiny on cryptocurrency exchanges operating within the country. This move is aimed at enhancing the regulation and oversight of the crypto industry in South Korea. The Financial Intelligence Unit’s decision comes amidst concerns about potential money laundering and illicit activities associated with cryptocurrencies. By tightening the scrutiny over crypto exchanges, the South Korean government aims to ensure a safer and more transparent environment for cryptocurrency transactions in the country.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinSouth Korea's Regulatory Body to Remove "Inadequate" Cryptocurrency Exchanges from the Market...