Photo = Financial Services Commission

 

[Alpha Biz= Reporter Kim Jisun] Crypto.com, the world's top 10 largest exchange, has been postponed indefinitely to enter the domestic market.

Crypto.com said in a statement on the 23rd, "We will postpone the launch of domestic applications scheduled for the 29th." Prior to the announcement, the Financial Intelligence Unit (FIU) under the Financial Services Commission launched an on-site inspection of Crypto.com, a global virtual asset exchange, to prevent money laundering.

An official from the financial authorities said, "We urgently conducted an on-site inspection of the company's operations as there were concerns about preventing money laundering."

Crypto.com acquired 100% of the domestic coin market exchange Okbit in 2022. Crypto.com was set to launch its domestic application on the 29th of this month.

Crypto.com issued a statement on the on-site inspection and said, "We will delay the launch and clearly explain to Korean regulatory authorities our thorough policies, procedures, systems and regulations."

 

 

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