South Korea decides to block KuCoin,MEXC and other 27 unregistered crypto platform websites
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AT A GLANCE
South Korea decides to block the websites of 27 unregistered virtual asset service providers.
Article
South Korea decides to block KuCoin,MEXC and other 27 unregistered crypto platform websites
PANews October 13 news, citing Korean media Etoday, reports that South Korea's Financial Intelligence Unit (FIU) said the relevant deliberation body has decided to impose domestic access blocking or terminate services for the websites of 27 unregistered virtual asset service providers, involving KuCoin,MEXC, BingX, Phemex, BitMart, and others. Previous restrictions already covered the downloading, installation, and updating of their applications; this expansion now extends to websites.FIU It 44 has reported unregistered operators to investigative authorities and will continue blocking alternative URLs.
South Korea's Financial Intelligence Unit (FIU) said the relevant deliberation body decided to impose domestic access blocking or terminate services for the websites of 27 unregistered virtual asset service providers.
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The platforms involved include KuCoin,MEXC, BingX, Phemex, BitMart, and others.
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Previous restrictions already covered the downloading, installation, and updating of the relevant applications; this expansion now extends to websites.
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FIU It 44 has reported unregistered operators to investigative authorities and said it will continue blocking alternative URLs.
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The news was reported by PANews, citing Korean media outlet Etoday.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Relevant South Korean regulatory bodies have decided to restrict domestic access to the websites of certain unregistered virtual asset service providers. The restrictions also include the downloading, installation, and updating of applications, which were covered previously.
Why it matters to readers
The platforms involved may have fewer access channels in South Korea and could subsequently face the blocking of alternative URLs and action by investigative authorities.
This means that South Korean users may face restrictions when accessing some of the relevant crypto platforms and their applications.
Risks and unknowns
Evidence does not provide an original announcement link from South Korea's FIU FIU or the relevant deliberation body.
Evidence does not provide 27 the complete list of platforms.
Evidence does not specify the effective date of the website blocking or service termination.
Evidence does not include official responses from the platforms involved.
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Related concepts
Virtual asset service provider
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