Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action

Description

South Korea’s FIU is cracking down on unregistered overseas crypto exchanges by blocking access to their platforms. Upbit’s South Korean partner Dunamu was served a three-month suspension in late February. The Bank of Korea is not interested in a Strategic Bitcoin Reserve and has never been. South Korea’s Financial Intelligence Analysis Unit (FIU) is significantly increasing its enforcement on cryptocurrency exchanges, both within the country and operating internationally. With regulatory compli...