Google Play Crypto Apps Ignore South Korea's Regulatory Crackdown
- Compliance Crisis: Despite the Financial Intelligence Unit's compliance deadline of January 28, 2025, multiple unregistered cryptocurrency platforms like Binance and Bybit remain available on Google Play, directly challenging national regulatory authority and potentially exposing investors to higher risks.
- Missing Registration Requirements: Under the Financial Transactions Reporting Act, all virtual asset service providers operating in South Korea must register and establish local offices; however, many offshore exchanges have failed to comply, exacerbating compliance gaps and affecting market stability.
- Technical and Jurisdictional Challenges: South Korean regulators face complexities in enforcing policies on global platforms, as Google, being a U.S. company, is subject to international legal frameworks, leading to delays in regulatory actions.
- Competitive Imbalance: Registered Korean exchanges must adhere to strict compliance requirements, increasing operational costs, while unregistered platforms can exploit regulatory differences to attract users, potentially diminishing the market share of compliant exchanges and impacting overall investor protection.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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