South Korea: Cracking Down Unauthorized Crypto Funds

South Korea Cracking Down Unauthorized Crypto Funds

South Korea’s Financial Services Commission (FSC) published a warning about the unauthorized cryptocurrency funds. Referring to Zeniex, the South Korea regulators highlighted, “the virtual currency fund has never been registered with the Financial Supervisory Service … None of the management company, sales company and the trustee has been approved by the Financial Services Commission.”

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