South Korea blocks access to 27 unregistered overseas crypto exchanges
South Korea approved blocks on 27 unregistered overseas crypto exchange websites, with KuCoin, MEXC, Phemex, BingX, and BitMart among the named platforms. The approval followed reviews on October 6 and 7, and the move extends enforcement from mobile apps to websites. Some coverage also notes that unregistered virtual asset businesses serving Korean users can face five years in prison or a 50 million won fine under the reporting law.
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Korean users who still reached these platforms may notice the change when trying to open the sites or move funds, because the access blocks apply to 27 named exchanges and the FIU said withdrawals could be difficult. The named platforms include KuCoin, MEXC, Phemex, BingX, BitMart and several others, so the impact is not limited to one operator.
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Crypto Briefing
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Cointelegraph
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BeInCrypto
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Coinpedia
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Cryptonews.com
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Cryptonews.com
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Crypto Economy
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Unchained
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