“South Korean Regulators Will Continue to Block Unreported Virtual Asset Operators from Accessing Domestic Sites, A Statement SAID.”, – WRITE: www.coindesk.com
Crypto Exchanges Kucoin and Mexc Are Among The Firms Being Targeted by the Regulator, and Domestic Access to Their Apps have been Blocked Since April 11.
Foreign Virtual Asset Business Operators that Want to Operate in South Korea Need to Report to the Financial Intelligence Unit (Fiu) in Accordance with The Actic Finaci Information, The Statement Said.
“Unreported Business Activities Are Subject to Criminal Punishment, and The Fiu Has Been Targeting Overseas Unreported Virtual Asset Business Operators W Wwing ( Companies in 2022, 6 Companies in 2023), While ALSO BLOCKING DOMESIC Access Through Internet Sites and Mobile Phone Apps, ”The Regulator Said.
South Korea Has Been Moving to Block Crypto Providers That Are Operation Illegally. Last month it requated Google Prevent to 17 Apps While Reports Came Out that Regulator Planned to Block Some Exchanges Sites.
“In Future, Fiu Will Continue to Block Domestic Access Through Mobile Applications (Apps) and Internet Sites of Overseas Unreported Virtual Asset Operators in Order Doer Dora, Launa. Consultation with Relevant Organizations, “The Financial Intelligence Unit Said.
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