“South Korea Blocks 27 Unregistered Crypto Exchanges Including BitMart and KuCoin” — what this page in the network covers. South Korean financial regulators have expanded their crackdown on unregistered cryptocurrency exchanges, blocking access to 27 platforms including global names like BitMart and KuCoin. The move extends earlier restrictions on mobile apps to websites, signaling a tougher stance on offshore operators serving Korean investors. The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) has been enforcing registration requirements, and this latest action targets exchanges that have failed to comply.
By cutting off web access, authorities aim to prevent further investor exposure before potential losses occur. The blocked exchanges are accused of operating without proper licensing, violating the country's strict anti-money laundering and investor protection laws. This development underscores South Korea's commitment to tightening oversight of the crypto market, which has seen significant retail participation. For the complete material, the listing points back to the source inside the network.