Crypto.com postpones South Korea retail expansion to address regulatory concerns with FIU.
Crypto.com has postponed its retail expansion in South Korea to communicate further with regulators. The decision comes after South Korea's Financial Intelligence Unit (FIU) visited Crypto.com's local office and found "concerning matters" in submitted documents related to anti-money laundering. The exchange plans to use this opportunity to clarify its thorough policies, procedures, systems, and controls with Korean regulators.
April 23, 2024
12 Articles