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South Korea Blocks Access to 27 Crypto Exchanges Including KuCoin and MEXC
Coins•

South Korea Blocks Access to 27 Crypto Exchanges Including KuCoin and MEXC

Key Highlights South Korean authorities are imposing access restrictions on unregistered foreign cryptocurrency platforms targeting domestic investors, including KuCoin and MEXC. Under local regulations, foreign virtual asset providers must register with the Financial Intelligence Unit (FIU) if they provide Korean-language support, target local marketing, or offer Korean won settlements. While accounts are not automatically frozen, ...

South Korea Blocks 27 Crypto Exchanges Including KuCoin and BitMart
Coins•

South Korea Blocks 27 Crypto Exchanges Including KuCoin and BitMart

Key Highlights: South Korea’s Financial Intelligence Unit (FIU) has flagged 44 unregistered virtual asset service providers to investigative authorities, with plans to block mirror domains. Domestic regulators warn that investors on unauthorized exchanges risk losing access to their assets, as capital outflows hit roughly $110 billion in 2025. Industry body DAXA is coordinating with the ...