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Policy · Updated 13 Oct, 08:47 pm IST

South Korea moves to restrict access to KuCoin, MEXC and 25 other crypto sites

Image: Gadgets 360

Why it matters for readers: If you use crypto, this explains why some foreign exchanges or apps might become harder to access in South Korea.

  • South Korea’s Financial Intelligence Unit requested restrictions on 27 foreign crypto exchange websites operating without registration.1
  • KuCoin and MEXC are among the named platforms targeted by the measure.1
  • The move follows prior restrictions on unregistered exchange apps through Google Play and Apple’s App Store.1
  • Authorities said the early access restrictions are intended to prevent consumer harm, and registered businesses may face penalties for transactions with unregistered operators.1
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