South Korea Blocks 27 Unregistered Crypto Exchanges Including KuCoin and MEXC

Key Facts

1South Korean authorities moved to block access to 27 crypto websites, including KuCoin and MEXC.

2The restrictions target unregistered exchanges, with officials acknowledging potential withdrawal difficulties for customers.

South Korean authorities moved to block access to 27 crypto websites, including KuCoin and MEXC, for operating without proper registration. Cointelegraph reported that the move is part of a regulatory crackdown on unregistered virtual asset service providers to ensure compliance with local financial laws.

The restrictions target platforms that lack the necessary licenses to operate within the country, with officials acknowledging potential withdrawal difficulties for customers using these services. This enforcement action reflects a tightening regulatory environment in one of the world's major cryptocurrency markets to protect retail investors.