Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Ethereum Whales Just Loaded ~9 Million ETH — The Squeeze Is On 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
Bitcoin Stuck in $66K–$67K Cage – Break $70K and $78K+ Becomes the Prize 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
BTC Hovers Flat Near $68K Ahead of US-Iran Talks — Bulls Eye Break Above $70,050 for $78K Rocket 
South Korea has several cryptocurrency exchanges but some of them are at risk of being ordered to shut down as the deadline for registration is fast approaching. It was reported that the Korea Financial Intelligence Unit revealed on Sunday, Sept. 12, that it is currently keeping an eye on the crypto firms that are on the verge of closure.
The KFIU is said to be a division operating under the country’s financial regulator, the Financial Services Commission. And according to The Korea Herald, the FSC is currently moving in cooperation with the police and financial institutions to prevent the exchanges in their list from leaving with the users’ money still in their accounts.
It should be noted that all cryptocurrency exchanges in South Korea were already notified that they must register with the FSC on or before Sept. 24 to avoid disruption with their businesses. They can be ordered to shut down for failing to comply with the registration order.
It was added that if they cannot beat the deadline and are likely to be forced to close, the commission told the exchanges to inform users about this so they can take steps in withdrawing their assets. Officials said that in S. Korea, there are 63 crypto exchanges platforms but 24 of them have to register and be certified.
As per the reports, some of the uncertified names are Cocofx, Dogecoin, and Banantok. The commission is advising users of unverified platforms to immediately withdraw their deposits before they are ordered to shut down because there is a big risk of losing their assets forever.
Meanwhile, at this point, Upbit, Bithumb, Coinone, and Korbit are now able to continue with their cryptocurrency exchange businesses after banks have approved to extend their contracts following their registrations and complying with the rules set by the FSC.
The Korea Times previously reported that Shinhan Bank and NongHyup Bank agreed to extend their contracts with Korbit, Bithumb, and Coinone. The banks confirmed their new agreement with the cryptocurrency exchanges last week as they have all cleared the requirements. In particular, the three formed an alliance company called CODE to comply with the regulations set by the local government against money laundering.
