FIU launched an investigation into unregistered overseas encryption exchanges in South Korea, and has restricted the deposit and withdrawal of funds on 16 exchanges

According to the Chosun Ilbo report, the Financial Analysis Institute (FIU) of the South Korean Financial Services Commission has launched an investigation into unregistered overseas virtual asset exchanges operating in South Korea. Currently, 16 exchanges including KuCoin, MEXC, and ZB.com have been restricted from depositing and withdrawing funds. Previously, Kim Joo-hyun, chairman of the Korean Financial Services Commission, said at the Korea Blockchain Week that "the Financial Analysis Institute (FIU) of the Korean Financial Services Commission will strengthen the inspection and supervision of virtual asset (cryptocurrency) operators, and cooperate with the Financial Supervisory Authority and other Government agencies cooperate in technology development and development, and will do their best to develop related businesses and protect investors.”