Crypto bets on South Korea with two acquisitions – has just acquired South Korean companies PnLink and OK-BIT. The exchange now has licenses to operate in the East Asian country.

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

As part of the deal, 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 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. recalls that it already has registrations in Cyprus, Greece and Italy. The exchange also has pre-approval in Dubai and principal approval in Singapore.

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