South Korea · Apple · Google · Cointelegraph
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
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Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets.
Key facts
- In an announcement on Tuesday, South Korea’s Financial Intelligence Unit (FIU) said the decision followed reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7
- South Korean authorities have approved measures to block domestic access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC
- The list also includes CoinW, BTCC, BitMart, BingX, DigiFinex and others
- The FIU said authorities assess whether overseas operators target Korean customers by looking at whether platforms offer Korean-language services, market to South Korean users or support transactions
Summary
South Korean authorities have approved measures to block domestic access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC, Phemex and Bitrue. In an announcement on Tuesday, South Korea’s Financial Intelligence Unit (FIU) said the decision followed reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7. The list also includes CoinW, BTCC, BitMart, BingX, DigiFinex and others. “With this decision, blocking measures against illegal virtual asset operators will also apply to internet websites, following apps such as those on Apple and Google,” the FIU said, according to a translation.