South Korean financial regulatory agency launches enforcement action against unregistered overseas cryptocurrency exchanges

According to the Korean Economic Daily, the Financial Intelligence Analysis Unit (FIU) under the Financial Services Commission (FSC) has taken enforcement actions against overseas cryptocurrency exchanges that provide services to Korean users without registration, in accordance with the Specific Financial Transaction Information Reporting and Use Act. According to reports, FIU is considering website access blocking as the main enforcement measure, targeting exchanges including BitMEX, KuCoin, CoinW, BitUnix, and KCEX.