South Korea's DAXA Refers 12 Illegal Crypto Operators to Police, Fee Disparity Up to 62x

According to DAXA (Digital Asset Exchange Cooperation Body), the organization today referred 12 illegal virtual asset service providers to police following a crackdown. The operators included 8 unlicensed over-the-counter exchanges and 4 unreported overseas exchanges illegally serving Korean users. DAXA found that illegal OTC exchanges charged trading fees ranging from 1.5% to 10%, compared to 0.16% average at regulated domestic exchanges—up to 62 times higher. The organization warned the extreme fee disparity suggests illicit use for money laundering and illegal activities.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments