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South Korea's financial regulatory authorities have launched enforcement actions against unregistered overseas exchanges.
According to Mars Finance, the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea has taken law enforcement action against overseas crypto assets exchanges that provide services to South Korean users without registration. This action is based on the Act on Reporting and Using Specified Financial Transaction Information. It has been reported that the FIU is considering blocking website access as a primary enforcement measure.