South Korean investigated unregistered overseas exchanges

According to Chosun biz, the South Korean government has investigated unregistered overseas exchanges, including MEXC, Phemex, Kucoin, Bitrue, Poloniex, CoinEx,BTCEX etc.

According to the FIU, all crypto exchanges in Korea are required to register with the FSC by meeting a set of strict know-your-customer and AML requirements. As of Aug. 10, there are a total of 35 registered crypto exchanges in Korea and all them are local firms.