🇰🇷 South Korea blocks 27 cryptocurrency exchange websites, including KuCoin and MEXC
- South Korea has ordered the blocking of 27 unregistered foreign cryptocurrency exchange websites, including major platforms such as KuCoin and MEXC, following reviews by the Korea Communications Standards Commission.
- The Financial Intelligence Unit (FIU) has introduced stricter regulations requiring exchanges targeting South Korean customers to obtain ISMS certification. Non-compliance may result in penalties, including imprisonment and fines.
- Despite the crackdown, South Korea is advancing plans to tokenize traditional financial assets and attract companies like Ripple to operate within its regulatory framework.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto
- South Korea has ordered the blocking of 27 unregistered foreign cryptocurrency exchange websites, including major platforms such as KuCoin and MEXC, following reviews by the Korea Communications Standards Commission.
- The Financial Intelligence Unit (FIU) has introduced stricter regulations requiring exchanges targeting South Korean customers to obtain ISMS certification. Non-compliance may result in penalties, including imprisonment and fines.
- Despite the crackdown, South Korea is advancing plans to tokenize traditional financial assets and attract companies like Ripple to operate within its regulatory framework.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto