US EditionGoogle Play Policy Shift Threatens Crypto Exchange Access in South Korea
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17 Articles
Google Play Tightens Crypto App Rules in South Korea, Forcing Foreign Exchanges to Register or Exit
Key Insights Google Play links crypto app availability in South Korea directly to strict FIU registration compliance. Foreign exchanges face possible app removal as security, and AML standards tighten rapidly. Korean users may lose easy access to global crypto platforms through app-based trading channels. South Korea will soon restrict access to foreign crypto apps through tighter distribution controls on Google Play. As a result, Google Play T…
S.Korean Cryptocurrency Crackdown: 28th Triggers Major Market Shock
Korea is imposing stricter regulations on cryptocurrency. Starting from January 28th, any foreign exchange that wants to sell its funds in the app market must comply with very stringent legal requirements. The Financial Intelligence Unit under the Financial Services Commission is responsible for monitoring digital asset platforms. The app will not exist anymore, at least not on Google Play, without official permission. Some updates to Google Pl…
South Korea’s New Rules Could Cut Traders Off From Binance and OKX Crypto Apps
South Korea will block non-compliant overseas crypto exchanges on Google Play from Jan. 28. Exchanges must secure FIU approval, making compliance difficult for offshore platforms. App removals and update bans could limit access for Korean crypto traders. South Korea plans to restrict access to overseas crypto exchanges on Google Play starting January 28. The move could block new downloads and app updates for platforms like Binance and OKX. Under…
Key news points: Google Play will require foreign exchanges to complete VASP registration with the FIU by January 28 to follow listings and be able to update apps in South Korea. Compliance requires “repair” of the report, an AML framework and KISA ISMS certification, a deadline that could tighten Binance and OKX. Officials said that blocking apps can slow down trading, transfers and patches; with the veto to futures and caps of 15% to 20%, pres…
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