South Korea’s FIU just torched Korbit with a $1.89 million penalty for a laundry list of AML sins—over 22,000 slip-ups and some creative approaches to KYC. As the exchange’s CEO takes public heat and Mirae Asset eyes a discounted acquisition, the entire Korean crypto industry gets a fresh reminder: messy compliance invites massive costs. The regulatory pressure won’t fade, and the bigger message is clear—tradfi whales may still circle, but regulatory fire is only getting hotter.
Continue to read Korbit Slammed with Record South Korean Fine: Will AML Debacle Derail Mirae Asset’s Buyout Gambit?
South Korea’s FIU just torched Korbit with a $1.89 million penalty for a laundry list of AML sins—over 22,000 slip-ups and some creative approaches to KYC. As the exchange’s CEO takes public heat and Mirae Asset eyes a discounted acquisition, the entire Korean crypto industry gets a fresh reminder: messy compliance invites massive costs. The regulatory pressure won’t fade, and the bigger message is clear—tradfi whales may still circle, but regulatory fire is only getting hotter.
Continue to read Korbit Slammed with Record South Korean Fine: Will AML Debacle Derail Mirae Asset’s Buyout Gambit?
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