South Korea’s Financial Regulator Inspects Crypto Exchanges for Illegal Transactions
South Korea’s financial regulator, the Financial Supervisory Service (FSS), is ramping up its scrutiny of cryptocurrency exchanges, launching an inspection to identify any illegal or suspicious transactions. This move follows the implementation of new, stricter laws aimed at combating financial crimes, including harsher penalties for those making illegal profits over 5 billion won (roughly $3.75…