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Korea’s regulator targets 16 unregistered foreign-based crypto firms


South Korean authorities are now taking steps to weed out unregistered crypto exchanges that are still operating in the country. The Korea Financial Intelligence Unit (FIU) has set its sights on 16 Virtual Asset Service Providers (VASPs) and plans to take measures against these firms such as blocking their websites. The FIU announced on August 18 that it has notified its investigative authority about the illegal business of 16 unregistered Virtual Asset Service Providers (VASPs), according to a blog post on the Financial Services Commission FSC) website. The regulator also warned crypto…

source: https://tokenpost.com/Koreas-regulator-targets-16-unregistered-foreign-based-crypto-firms-9736

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