🛑 South Korea takes strong action: 14 crypto exchange apps removed from the App Store!
The Financial Services Commission (FSC) of South Korea has blocked 14 cryptocurrency exchange applications on the App Store due to unregistered operations, violating domestic financial laws.
According to regulations, unreported business activities can be punished with up to 5 years in prison or 50 million won (~35,200 USD).
This is the latest move in a series of efforts to tighten the regulation of the crypto market in South Korea
#crypto #appstore