South Korea's FIU announces stringent measures to expel unfit crypto exchanges, signaling a crackdown on regulatory compliance and investor protection in the country's crypto market The Korea Financial Intelligence Unit (FIU) has declared an intensified crackdown on crypto exchanges in South Korea, signaling the expulsion of "unsuitable" platforms from the market, starting this year. South Korea's FIU has unveiled plans to bolster oversight on crypto exchanges, aiming to weed out platforms deemed unfit for the local market. The regulatory crackdown seeks to enhance screening procedures and prevent inadequate exchanges from infiltrating the national economy.