South Korea moves to block 27 crypto websites, including KuCoin, MEXC
Summary
South Korea approved blocking domestic access to 27 websites run by unregistered crypto exchanges and virtual asset providers, including KuCoin, MEXC, Phemex and Bitrue. The restrictions apply to operators that have not registered under the country’s anti-money-laundering law and extend earlier blocks on unregistered exchange apps. Authorities identify platforms targeting Korean customers by factors such as Korean-language services, local marketing and won support. The FIU said the blocks may make withdrawals harder for existing users and plans to provide guidance through DAXA, with operator cooperation.
