South Korean Authorities Take Aim at Unregulated Crypto OTC Desks Amid Money Laundering Concerns – Regulation Bitcoin News
September 19, 2023
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced regulation in the crypto sphere, citing concerns that these enterprises facilitate money laundering and fraud.