World · Regulation · South Korea ·
South Korea seeks to expand financial regulator powers over unlicensed crypto firms
South Korean lawmakers have proposed expanding the Financial Intelligence Unit's investigative powers to probe unregistered crypto operators and refer suspected violations directly to law enforcement, tightening oversight of the unregulated sector.
Why it matters for the crypto market
Indicates South Korea is moving to close regulatory gaps by giving the FIU direct enforcement tools against unregistered platforms, narrowing crypto access outside formal licensing channels.
Source: Cointelegraph
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