Apple has removed 14 crypto apps in South Korea at the request of one of the country’s supervisors.
South Korea’s Financial Intelligence Unit (FIU), an anti-money laundering agency, has issued the requests.
The supervisor claims that the prohibited apps were involved in foreign virtual activa operators who carried out ‘not -reported business activities’.
Apple’s list of blocked apps contains the Crypto Exchange Giants Kucin and Mexc. Last month, Google Play switched both stock markets and 15 other crypto operators at the request of the FIU.
The occurrence of the regulations comes out as the adoption of Crypto about South Korea swells. The Seoul-based news agency Yonhap quotes data released by the South Korean government, reported that from the end of February of this year 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the top five domestic crypto exchanges of the country. The country currently has a total population of almost 52 million.
Banks in Zuid -Korea are allegedly also hurrying up to collaborate with crypto companies as the digital assets regulations of the country become less restrictive.
In February, the South Korea’s Financial Services Commission announced that the country would launch a pilot program in the second half of 2025 with which 3,500 business entities can buy crypto for investments and financial purposes. Company crrypto transactions have been banned in the country since 2017.
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