The South Korean financial regulatory agency has launched enforcement actions against unregistered overseas cryptocurrency exchanges

ChainCatcher news, the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea has taken enforcement action against overseas cryptocurrency exchanges that provide services to Korean users without registration, based on the Act on Reporting and Using Specified Financial Transaction Information. It is reported that the FIU is considering blocking website access as a primary enforcement measure, targeting exchanges including BitMEX, KuCoin, CoinW, Bitunix, and KCEX.