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S.Korea
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South Korea Crypto Crackdown: FSC to Crackdown on $2.6 Billion “Kimchi” Market

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading

south korea crypto regulation
News
south korea crypto regulation
News

Amid Strong Regulatory Action, South Korean Exchanges Warn About ‘Kimchi Coins’

Crypto exchanges in South Korea are having a tough time navigating through strong regulatory action initiated by authorities. As a resulted local crypto exchanges have started limiting services to some altcoins while classifying some as ‘kimchi coins’. Kimchi Premium is one of the most popular terms used in the South Korean crypto market. Being one

Crypto exchanges in South Korea are having a tough time navigating through strong regulatory action initiated by authorities. As a resulted local crypto exchanges have started limiting services to some altcoins while classifying some as ‘kimchi coins’. Kimchi Premium is one of the most popular terms used in the South Korean crypto market. Being one