top of page Postpones South Korea Launch After Reports of Money Laundering Probe said it’s postponing a planned launch in South Korea after local news outlet Segye Ilbo reported on Monday that the exchange platform was facing an “urgent on-site inspection” over money laundering concerns. The report said that South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission had discovered “problems related to anti-money laundering data” submitted by the exchange and began an on-site inspection from that day. The crypto exchange received approvals from South Korean regulators in 2022 and had planned to launch an app for retail users in the country on April 29. The Block reported last week that had denied it had hit a roadblock in its planned launch.

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