BitMEX, KuCoin Among Exchanges Reportedly Facing Sanctions in S. Korea: Here’s Why

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South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanction Crypto Exchanges The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission said these overseas crypto trading platforms are operating illegally in the country because they...