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South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration

Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities" without proper registration, and could face fines or imprisonment.

Regulators in South Korea have flagged 16 crypto firms for violating local registration rules. (Jacek Malipan/EyeEm/Getty)
Regulators in South Korea have flagged 16 crypto firms for violating local registration rules. (Jacek Malipan/EyeEm/Getty)