South Korea’s FTC Clears Up Crypto Exchange Regulation Rumors

Recent media reports alleging the South Korean government is poised to classify prominent crypto exchanges like Dunamu (Upbit) and Bithumb as financial conglomerates have been refuted by South Korea’s Fair Trade Commission (FTC). The FTC emphasized that no definitive policy decisions regarding the virtual asset industry have been made. Their research-focused approach aims to gather information on both domestic and international regulatory landscapes for business groups operating in this space.