South Korean regulator delays approval Crypto.com local department leadership changes

Crypto.com has hit a roadblock in entering the South Korean cryptocurrency market as the local financial regulator is delaying the approval of the executive leadership transition for local entities. Crypto.com announced on April 2 that it will launch a local trading platform in South Korea. The launch, scheduled for April 29, is planned to fill a vacancy in the local authorised cryptocurrency exchange OK-BIT, which is winding down its services. Crypto.com acquired OK-BIT in 2022.