South Korea expands blocking of 27 websites of unregistered virtual asset operators
BIBIBI
AT A GLANCE
South Korea plans to restrict domestic access to the websites of 27 unregistered virtual asset operators.
Article
【South Korean financial authorities: Blocking KuCoin,MEXC and other 27 websites of unregistered virtual asset operators】
The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission stated that the Korea Communications Standards Commission has decided to block domestic access to or terminate the use of websites operated by KuCoin,MEXC、BingX、Phemex、XT.com、Bitrue、CoinW、Poloniex、BTCC and BitMart, among 27 websites of virtual asset operators that failed to register as required by law. This measure further expands restrictions on unregistered operators from mobile app markets to internet websites.
Key points
01
The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission stated that the Korea Communications Standards Commission has decided to take relevant measures.
02
The measures involve KuCoin,MEXC、BingX、Phemex、XT.com、Bitrue、CoinW、Poloniex、BTCC and BitMart, among 27 websites of virtual asset operators that failed to register as required by law.
03
The measures include blocking domestic access or terminating use.
04
The restrictions are being further expanded from mobile app markets to internet websites.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
South Korean financial authorities said that relevant institutions will restrict domestic access to the websites of certain virtual asset operators that failed to register as required by law, including the platforms named in the text.
Why it matters to readers
South Korean users’ access to the web pages of these platforms may be affected, but the evidence does not specify the effective date or implementation details.
This means that web access to the relevant platforms in South Korea may be restricted, and users may have fewer ways to access them.
Risks and unknowns
The evidence does not provide an original announcement from South Korean regulators.
The evidence does not list the complete list of 27 operators.
The evidence does not specify the effective date or the detailed implementation method of the measures.
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Related concepts
Virtual asset operators
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