South Korea Urges Reporting of Unlicensed Crypto Exchanges

DAXA and FIU Collaboration Call for Reports on Illegal Crypto Services

South Korean financial regulators invite reports on unlicensed crypto exchanges. The Digital Asset Exchange Association (DAXA) and Financial Intelligence Unit (FIU) seek information on digital asset operators targeting Korean citizens. 

DAXA reviews reports before forwarding to the FIU for necessary actions. South Korea aims to enhance crypto industry oversight, with regulations anticipated in January 2024.