South Korea Blocks KuCoin, MEXC and 25 Other Crypto Sites
The move extends earlier app restrictions and could complicate withdrawals for users, officials said.
- On Tuesday, the South Korean Financial Intelligence Unit announced measures to block domestic access to 27 websites operated by unregistered crypto exchanges, including KuCoin, MEXC, Phemex, and Bitrue.
- The block targets platforms failing to register under the Act on Reporting and Using Specified Financial Transaction Information, following reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7.
- Authorities identify targeted operators by determining if platforms offer Korean-language services or market to South Korean users; the list of blocked sites also includes CoinW, BTCC, BitMart, BingX, and DigiFinex.
- While the FIU acknowledged the website blocks could complicate asset withdrawals for existing users, the agency plans to provide guidance through the Digital Asset eXchange Alliance .
- This move expands ongoing enforcement against unregistered virtual asset operators, following April 2025 restrictions that blocked 14 unregistered exchange apps on Apple's App Store and 17 apps through Google Play.
23 Articles
23 Articles
South Korea's EIF blocks 27 crypto exchanges including KuCoin and MEXC. Urgent withdrawals advised in the face of access risks and high fees.
Cointelegraph
The New York LedgerSouth Korea Moves to Block 27 Crypto Exchange Sites
South Korea has approved blocks on 27 unregistered crypto websites, including KuCoin, MEXC and Phemex.
Bitcoin Price Surges Past $83.5K as Kucoin and MEXC Go Dark in Korea
South Korea has ordered domestic access blocks on 27 unregistered offshore crypto exchange websites, including Kucoin, MEXC and BingX, extending an earlier ban on their mobile apps to the web. What Exactly Got Blocked? Korea’s Financial Intelligence Unit (FIU), the anti-money laundering arm of the Financial Services Commission, announced on Oct. 13 that the country’s […]
South Korea Blocks Websites of 27 Unregistered Overseas Exchanges Including KuCoin, MEXC, BingX
The move extends app-store restrictions first imposed in March 2025 to the web, and the regulator says it no longer needs evidence of user harm before ordering a block once an operator is confirmed as unregistered.
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