South Korea to ban 16 unregistered overseas crypto exchanges

FE Digital Currency reports:

South Korea’s Financial Services Commission (FSC) has reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, Cryptoslate reported quoting news1.

As per the report, the 16 companies have reportedly been offering crypto services to Koreans and conducting events geared toward Koreans despite the law prohibiting unregistered cryptocurrency exchanges from operating without a license. The affected exchanges include Pionex DigiFinex, Poloniex, AAX, ZoomEX, MEXC, KuCoin, CoinEX, Bitglobal, among others, Cryptoslate noted.

Read more at Financial express.

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