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South Korea to block foreign crypto exchanges lacking permit

The Straits Times LogoThe Straits Times1 mo ago

South Korea to block foreign crypto exchanges lacking permit - The Straits Times

Quick Summary:

August 18, 2022 1:46 PM - SEOUL (BLOOMBERG) - South Korea plans to block domestic access to foreign cryptocurrency exchanges that lack the proper registration to operate in the country and could launch a probe into the companies.

Currently, 35 virtual asset service providers are registered as legal platforms in the country, according to the government.

Officials around the world are tightening scrutiny of the crypto sector after a rout in prices this year caused a number of blow-ups.

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Article Details

Category: Economy

Topics: Crypto Access Companies According 2021 Statement Mandated Cryptocurrency Korea Platforms South

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-18, 13:46:22

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 391 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 147366

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website:

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 57m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

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