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Foreign crypto exchanges seek distance from Korea ahead of tighter regulations

Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins. By Sept. 24,...

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

Korean Financial Intelligence Unit Notifies Foreign Crypto Exchanges of Registration Obligations Access to foreign-based cryptocurrency exchanges can be denied and the platforms may face criminal...

Strong pressure on foreign VASPs is making the domestic cryptocurrency market more chaotic

Financial Services Commission (FSC) "We will actively respond to illegal, unreported operations of foreign VASPs." Since there is a possibility that foreign Virtual Asset Service...

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Korea’s unregulated crypto-mediated FX transfers hit record-high

Korea registered over 812.2 billion won ($676.9 million) in questionable foreign currency transfers involving cryptocurrencies in the first eight months of the year, a...