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South Korea Takes a Tough Stance on Crypto Regulation: 14 Exchanges Banned from the Apple App Store
In a significant move towards stricter crypto regulation, South Korea has banned 14 cryptocurrency exchanges from the Apple App Store. This decision is part of an ongoing effort to curb the growth of the country’s thriving crypto market and bring it under closer regulatory oversight.
The Korean government has been increasingly vigilant in its approach to regulating the crypto industry, with Vice Chairman Kim So-young stating that international trends are now influencing domestic policy decisions. It appears that this stance has led to a sweeping crackdown on exchanges deemed non-compliant with regulatory requirements.
It’s worth noting that while some may view this as an isolated incident, it is actually part of a larger movement towards increased oversight and accountability in the global crypto industry.
Source: https://www.cryptoninjas.net/news/14-crypto-exchanges-banned-from-apple-store-in-south-koreas-crackdown/
