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Crypto.com has postponed its planned launch in South Korea, originally scheduled for April 29, following a visit from local regulators. The decision to delay the launch, which comes just six days before the intended retail expansion, was influenced by a regulatory review, potentially linked to a money laundering-related probe. The leading cryptocurrency exchange cited the need for further communication with regulators and acknowledged the challenges of entering the South Korean market, describing it as a difficult environment for international exchanges.
Just six days before its planned retail expansion, the crypto exchange https://t.co/NNfl0dx6oJ postponed its launch in South Korea so it can communicate further with regulators https://t.co/V3bNt2inwn
https://t.co/ucFPrA84Wa says it's postponing a planned app launch in South Korea after reports of a money laundering-related probe by local regulators. @iamsandali reports. https://t.co/9jHRbn3M2W
Just six days before its planned retail expansion, the crypto exchange https://t.co/84nqaBXp59 postponed its launch in South Korea so it can communicate further with regulators https://t.co/vxWnrW4IhI
