Well, folks, it looks like South Korea’s Financial Intelligence Unit (FIU) has decided to play the heavy-like a bear with a sore tooth. After finger-wagging at Upbit and slapping them with a hefty 35.2 billion won fine (that’s about enough to buy a small island or a yacht, depending on your mood), they’re now targeting more crypto exchanges. Imagine a stern aunt scolding you for sneaking cookies-except the cookies are millions of stolen dollars and the aunt is armed with sanctions! 😏💣
Sources whisper that the FIU is zeroing in on exchanges they deem slackers-those who forgot to play by the rules or just didn’t bother. Offshore platforms like KuCoin? They got the full cold shoulder earlier this year, locked out for daring to operate without proper registration or basic compliance. That’s right, folks, no registration, no love! And these platforms? They were caught with their digital pants down-no KYC, no AML, just a bunch of beans and crickets. 🦗
- The FIU is all eggs and no omelette-ready to crack down on more local exchanges after giving Upbit the what-for.
- They’re scouting for the ones who think compliance is a word for the weak.
Insiders say the crackdown has just begun. The giant of them all, Dunamu’s Upbit, was hit with a three-month timeout on deposits and withdrawals, plus a fine so big it makes your wallet cry. Other players like Korbit, GOPAX, Bithumb, and Coinone? They’re nervously eyeing the same fate-because justice moves at the speed of a sloth, but hits like a hammer. 🛠️
By the time 2026 rolls around, these fines could add up to enough money to keep a small country happy. And let’s not forget those offshore guys-like KuCoin-who are now doing the digital equivalent of hiding under a rock after being blocked completely. Many of these foreign platforms were slackers at best-no registration, no safeguards, just a bunch of empty promises and wishful thinking. 🤡
Meanwhile, the authorities are also shaking down fees and warning against risky lending practices, all while sitting on legal guidelines like a cat on a hot tin roof. So, whether you’re a rebel exchange or a cautious investor, it seems South Korea’s crypto crackdown is just warming up-like a pot of burnt coffee on a cold morning. ☕😂
Read More
- USD THB PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- Gold Rate Forecast
- RENDER PREDICTION. RENDER cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- USD IDR PREDICTION
- ARB PREDICTION. ARB cryptocurrency
- CNY RUB PREDICTION
- EUR CAD PREDICTION
- QNT PREDICTION. QNT cryptocurrency
2025-11-24 11:37