PANews reported on April 23 that according to The Block, the cryptocurrency exchange Crypto.com announced that it would postpone its launch plan in South Korea in order to further communicate with local regulators. The plan, originally scheduled to launch on April 29, has now been suspended, and the new launch date has not yet been announced.
The decision came after the South Korean Financial Intelligence Unit (FIU) visited Crypto.com’s offices in South Korea after the regulator found issues while reviewing the company’s anti-money laundering documents. Crypto.com said it would use the opportunity to ensure that the South Korean regulator understands its comprehensive policies, procedures, systems and controls.