South Korea's FSC accuses 16 exchanges (incl KUCoin, Phemex) of breaking the lawnitter.it/WuBlockchain/status/1560104808979496961
50 sats \ 2 comments \ @cryptocoin 18 Aug 2022 bitcoin
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0 sats \ 0 replies \ @cryptocoin OP 18 Aug 2022
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
The South Korean government FSC accused 16 cryptocurrency exchanges of breaking the law, including KuCoin MEXC Phemex XTcom Bitrue ZBcom Bitglobal CoinW CoinEX AAX ZoomEX Poloniex BTCEX BTCC DigiFinex Pionex.
They provide services to Koreans without permission and can be punished with up to five years in prison or a fine. https://news1.kr/articles/?4776612
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0 sats \ 0 replies \ @cryptocoin OP 18 Aug 2022
Here's an article on this, from CoinDesk:
South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration https://www.coindesk.com/policy/2022/08/18/south-koreas-money-laundering-watchdog-flags-16-crypto-firms-for-operating-without-registration https://archive.ph/qNznX
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