Responds to Strong User Interest and Adoption in South Korea With Two Acquisitions

1 month ago 97, a global cryptocurrency platform, has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by acquiring payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’.

“This is an exciting next step for in an important market,” said Kris Marszalek, co-founder and CEO of “We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies.”

“We believe our services can not only help further evolve and empower commerce in Korea, but also support the greater creation and development of our Web3 ecosystem,” said Patrick Yoon, general manager, South Korea of “Korea is a tremendously important market for in advancing blockchain technology.”

In achieving this milestone, remains committed to its mission of ensuring regulatory compliance, consumer safety, awareness, and protection. looks forward to continuing to build a direct relationship with Korean users as a secure and regulated platform. continues to grow and expand its ecosystem actively, with more than 50 million users worldwide. The announcement follows having already received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, and registration in Cyprus from the Securities and Exchange Commission.

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