Crypto

Crypto.com bets on South Korea with two acquisitions – Coins.fr

Crypto.com has just acquired South Korean companies PnLink and OK-BIT. The exchange now has licenses to operate in the East Asian country.

This Monday, Crypto.com announces the completion of the acquisition of PnLink payment service and OK-BIT cryptocurrency exchange platform.

As part of the deal, Crypto.com will be registered as a virtual asset service provider in South Korea and will be registered under the Electronic Financial Transactions Law.

This is an exciting next step for Crypto.com in an important market. […] We are committed to working with regulators to continue selling our products and services, especially in countries such as South Korea where consumers have shown great interest and acceptance of digital currencies,” commented Crypto CEO Chris Marsalek. com in your application.

South Korea is among the countries with the highest rate of cryptocurrency adoption. However, the spring collapse of the Terra ecosystem shook the confidence of a number of local investors. The blockchain behind the UST stablecoin and LUNA token has been published by Terraform Labs, a South Korean organization.

Crypto.com recalls that it already has registrations in Cyprus, Greece and Italy. The exchange also has pre-approval in Dubai and principal approval in Singapore.

To follow corners.fr on TwitterLinkedin, facebook Where Telegram not to miss anything.

Cryptography Fact SheetGet weekly news updates

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.