World · Regulation · South Korea ·
South Korea lawmakers seek expanded powers over unregistered crypto firms
South Korean lawmakers proposed expanding the Financial Intelligence Unit's (FIU) authority to investigate suspected violations by unregistered crypto operators and refer them directly to law enforcement.
Why it matters for the crypto market
Tightens compliance requirements and enforcement in a major Asian crypto market, potentially forcing more operators to register or exit the jurisdiction.
Source: Cointelegraph
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