South Korean lawmakers seek expanded FIU powers over unregistered crypto firms

The proposal would let the FIU investigate suspected violations and refer unregistered crypto operators directly to law enforcement. A group of South Korean lawmakers has introduced a bill to amend an existing financial law and expand the Financial Intelligence Unit’s (FIU) authority to investigate unregistered crypto businesses.

The proposal would let the FIU investigate suspected violations and refer unregistered crypto operators directly to law enforcement.

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