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South Korea Investigates Crypto Exchanges for Listing Native Tokens 🔎


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The Korea Financial Intelligence Unit (KoFIU) is reportedly launching a probe into crypto exchanges that have listed their in-house, self-issued tokens. The move by the regulator comes due to native cryptocurrencies being the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, including the recent FTX collapse.

According to reports, initial investigations revealed that all crypto exchanges performed lawful operations across South Korea. However, a spokeswoman for the Financial Services Commission (FSC) disclosed preparations for a more thorough inquiry stating that “there are still some questions related" to in-house token listings.

https://cointelegraph.com/news/south-korea-investigates-crypto-exchanges-for-listing-native-tokens

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