🚀Crypto.com is set to launch its crypto trading app in South Korea on April 29, marking a strategic expansion and giving retail investors access to over 150 cryptos and NFTs. CEO Eric Anziani is all praise for South Korea's progressive stance towards crypto.👏

🔚This also marks the end for OK-Bit, acquired by Crypto.com in 2022, as it ceases operations coinciding with the app's launch. This move is exclusively for retail investors, as institutions are barred from crypto investments since 2017.🚫

🌍This launch is part of Crypto.com's strategy to strengthen its presence in key global markets. The groundwork for this expansion has been in progress since 2022, despite increasing regulatory scrutiny in South Korea.🔍

📜South Korea's FIU announced stricter measures for crypto exchanges, potentially expelling unfit platforms. An amendment proposed by FSC could further tighten controls, requiring new crypto firm execs to secure regulatory approval.🔏

What do you think about Crypto.com's expansion in South Korea? Let's discuss in the comments!👇#DeFi #Web3 #CryptoNews