- Apple blocked Kucin, Mexc and other crypto exchanges at the request of South Korea.
- Last month the country forbade 17 crypto sites via Google.
Zuid -Korea has blocked 14 crypto fairs, including Kucin and Mexc, for operating in the country without relevant reporting to the authorities.
In a statement on April 14, the South Korean regulator, the Financial Intelligence Unit (FIU), stated”
“Apple Inc. has blocked the domestic access to 14 apps from non -reported foreign virtual assets operators who have been registered in the Apple App Store since 11 April at the request of the FIU.”
More action against crypto exchanges
According to the regulator, not -mentioned domestic activities can attract a fine of $ 35k and an internet and app access bid.
Last month South Korea Google asked to block 17 apps. The agency added that it will censor more sites to prevent ‘money laundering risks’ and ‘user damage’.
“FIU will continue to block domestic access via mobile applications (apps) and internet sites of Oversese non -reported virtual assets operators to prevent money laundering and money laundering, in consultation with relevant organizations.”
Other blocked crypto exchange sites and apps are blofin, coins, bitglobal and bitmart.
Source: FIU
That said, has South Korea hitch With potential regulatory clarity and legislation in Q3 2025 to stimulate institutional crypto investments in the country. In fact, some top rulers even insisted The approval of Bitcoin ETFs must make Japan the products green.
If confirmed and accepted, the country could position itself for global crypto investments and compete with top hubs in the region such as Singapore and Hong Kong.