South Korea to Block Foreign Crypto Exchanges Lacking Permit
- Officials list more than a dozen platforms facing scrutiny
- Nation has tightened up oversight after crypto implosions
This article is for subscribers only.
South Korea plans to block domestic access to foreign cryptocurrency exchanges that lack the proper registration to operate in the country and could launch a probe into the companies.
An intelligence unit of the Financial Services Commission has reported 16 foreign crypto businesses to the nation’s investigative body and asked other agencies to block access to the firms’ local websites, according to a statement on Thursday.