Crypto.com Delays Launch in South Korea Amid Money Laundering Investigation
2024-04-24 09:08:35BlockBeatsShare to:
According to BlockBeats, on April 24, the cryptocurrency exchange Crypto.com decided to postpone the launch of its App for retail users in South Korea, which was originally scheduled for April 29, due to a surprise on-site inspection by South Korean regulators on anti-money laundering compliance issues. South Korea's "World Daily" reported that the South Korean Financial Intelligence Agency (affiliated to the Financial Services Commission) found problems with the anti-money laundering data submitted by Crypto.com, so it began an on-site inspection of the exchange on Monday. In response, Crypto.com said in a statement to CoinDesk that the company maintains the highest anti-money laundering standards in the industry. Crypto.com will postpone its launch plan in South Korea to take this opportunity to ensure that South Korean regulators understand the company's comprehensive policies, procedures, systems and controls, which have been reviewed and approved by major jurisdictions around the world. In 2022, Crypto.com has been approved by South Korean regulators. After acquiring Okbit, Crypto.com has not yet attracted any new customers in South Korea, and the access rights of existing Okbit customers are limited to withdrawals. The platform has never been named for any anti-money laundering violations.Introduction To Crypto
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography.All
| | Price | Price Change (24h) | Trading Volume (24h) | Market Cap |
|---|
| BTC | $64,085.82 USD | +0.22% | $18,671,264,653.15 USD | $1,262,135,475,693.54 USD |
| ETH | $3,140.36 USD | +0.73% | $8,959,160,509.38 USD | $377,149,674,173.55 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
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