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10 crypto exchanges file applications to register with KFIU
10 crypto exchanges file applications to register with KFIU
EconomySept 24, 2021
Ten cryptocurrency exchanges in South Korea have filed applications to register with the nation's anti-money laundering body to continue their businesses under tougher regulations, according to the body Friday. By Friday midnight, both foreign and local cryptocurrency exchanges targeting Korean investors are required to register with the Korea Financial Intelligence Unit (KFIU) and have real-name bank accounts. If they have no real-name bank accounts, cryptocurrency exchanges will be banned fr