Another major news development in South Korean cryptocurrency regulation.
According to a Jan. 30 report in Reuters, South Korea's customs service claimed in a statement that it had uncovered 637.5B won ($596M USD) worth of illegal foreign exchange trading via cryptocurrency markets.
74 percent of these crimes (approx. 472.3B won) came from illegal foreign currency trading, according to Customs. The service did not share details into what action South Korean authorities would be taking against these crimes.
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