Mars Finance News, according to CoinDesk, Korean financial authorities are planning to impose sanctions on crypto exchanges such as BitMEX, Kucoin, CoinW, Bitunix, and KCEX that provide Korean-language websites but are not registered with the Financial Intelligence Unit (FIU). The FIU stated that these exchanges are considered to be operating illegally as they have not registered as Virtual Asset Service Providers (VASP) as required. Relevant officials said they are consulting with the Korean Communications Standards Commission to review measures to block access to these unregistered overseas exchanges, with specific measures expected to be introduced this year.
South Korea plans to impose sanctions on BitMEX, KuCoin and other exchanges
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