THE SUPREME TEAM: Korean Government Announces It Has Reviewed 42 Crypto Operators

Korean Government Announces It Has Reviewed 42 Crypto Operators

  • The Financial Intelligence Unit reveals 42 virtual asset operators have registered.
  • Korean Government to crack down on unlicensed operators.
  • Bithumb, Coinone, Upbit, Corbit have started operating out of 29 virtual asset traders.

Chairman of the Financial Services Commission —  Koh Seung-beom has announced that it has reviewed all 42 domestic crypto companies that have registered under the Anti-Money laundering arm with the Korean Government.

This comes days after the South Korean regulators announced that all crypto exchanges have to register with its anti-money laundering arm by Sept. 24. Therefore, any virtual asset operators who fail to comply will have no option other than to shut down operations in the country.

In this regard, the Financial Intelligence Unit (FIU) on Sept. 26th, revealed that all the 42 virtual asset operators had filed their reports to the gover…


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