South Korea Blocks KuCoin, MEXC and 25 Other Crypto Sites
The move extends earlier app restrictions and could complicate withdrawals for users, officials said.
- On Tuesday, the South Korean Financial Intelligence Unit announced measures to block domestic access to 27 websites operated by unregistered crypto exchanges, including KuCoin, MEXC, Phemex, and Bitrue.
- The block targets platforms failing to register under the Act on Reporting and Using Specified Financial Transaction Information, following reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7.
- Authorities identify targeted operators by determining if platforms offer Korean-language services or market to South Korean users; the list of blocked sites also includes CoinW, BTCC, BitMart, BingX, and DigiFinex.
- While the FIU acknowledged the website blocks could complicate asset withdrawals for existing users, the agency plans to provide guidance through the Digital Asset eXchange Alliance .
- This move expands ongoing enforcement against unregistered virtual asset operators, following April 2025 restrictions that blocked 14 unregistered crypto exchange apps on Apple's App Store and 17 apps through Google Play.
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14 Articles
South Korea’s FIU Blocks 27 Unregistered Crypto Exchange Websites
South Korea’s Financial Intelligence Unit (FIU) announced on Tuesday that it will block domestic access to the websites of 27 unregistered offshore crypto exchange platforms. KuCoin, MEXC, Phemex, BingX, BitMart, XT.com, Bitrue, CoinW and BTCC are among the list of platforms. The Korea Communications Standards Commission (KCSC), the country’s internet regulator, made the actual decision...
South Korea Blocks KuCoin, MEXC, BingX and 24 Other Crypto Exchange Websites
South Korea has ordered domestic access restrictions on 27 cryptocurrency trading websites, including KuCoin, MEXC, BingX and Phemex, extending its crackdown on overseas exchanges operating without local regulatory registration. The country’s Financial Intelligence Unit (FIU) confirmed the website-blocking decision on October 13, following regulatory reviews conducted on October 6 and 7. Other affected platforms include… Continue reading South K…
On October 13, the Financial Information and Analysis Unit (FIU), under the Financial Services Commission (FSC) of Korea, announced it would block access from within South Korea to 27 websites operated by unregistered cryptocurrency businesses... The post South Korea to block 27 unregistered cryptocurrency exchanges including KuCoin and MEXC first appeared on NADA NEWS.
Crypto Breaking News
South Korea seeks to block 27 crypto websites, including KuCoin and MEXC
South Korean financial authorities have approved new enforcement steps aimed at unregistered crypto trading and virtual asset platforms. The Financial Intelligence Unit (FIU) said the measures will block domestic access to 27 websites operated by operators that have not registered under the country’s anti-money-laundering framework for digital assets. In a Tuesday announcement, the FIU said [...]
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