🇰🇷 South Korea’s financial authorities are cracking down on unregistered overseas crypto exchanges targeting Korean users. The FIU plans sanctions, including site blocking, against platforms like Bitmex, Kucoin, and Coinw. This enforcement of the Special Financial Information Act protects investors and fights illicit activity in the crypto space. Exchanges offering Korean-language services without registration face strict consequences. 🔒💱 In 2022, similar action forced several exchanges to exit the Korean market. Will this new crackdown reshape the crypto landscape in South Korea?