Crypto.com Says it is Not Facing Obstacles to Enter South Korea
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Crypto.com has refuted a recent report from a local media outlet claiming that they have faced obstacles in entering the South Korean crypto market.
According to the report, South Korea’s financial regulator may have delayed the approval of a local entity’s leadership change, which could potentially impact Crypto.com’s plans to launch a trading platform in the country.
However, a spokesperson for Crypto.com has stated that this is merely a procedural formality and will not affect their scheduled launch date of April 29.
The company had previously acquired OK-BIT, a locally licensed cryptocurrency exchange, in 2022.
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