Crypto.com will postpone its launch plans in South Korea to further communicate with regulators

ChainCatcher news, according to The Block, Crypto.com announced that it will delay its entry into the South Korean market to further communicate with local regulators. A spokesperson for Crypto.com stated that South Korea is a market that is difficult for international exchanges to enter, but Crypto.com is committed to working with regulators to enter the South Korean market in a responsible manner. Additionally, the spokesperson did not disclose a new entry deadline.

Previously, it was reported that Crypto.com would launch its app in South Korea on April 29.