“South Korea Blocks 27 Crypto Exchanges Including KuCoin and MEXC Over Registration Violati” — what this page in the network covers. South Korean financial authorities have ordered the blocking of 27 cryptocurrency exchanges, including major platforms KuCoin and MEXC, for operating without proper registration. The move, led by the Financial Intelligence Unit (FIU), targets foreign exchanges that have failed to comply with the country's strict reporting requirements under the Act on Reporting and Using Specified Financial Transaction Information. The FIU has acknowledged that users may face difficulties withdrawing their assets as a result of the blocks, urging customers to take action before the restrictions take full effect.
This enforcement action underscores South Korea's aggressive stance on regulating the crypto industry and protecting investors from unregistered entities. The blocklist includes a mix of well-known and smaller exchanges, all of which have been notified of the violations. The full version stays on the original page, which this listing opens directly.