South Korea moves to block 27 crypto websites, including KuCoin, MEXC

Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets.

South Korean authorities have approved measures to block domestic access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC, Phemex and Bitrue. 

In an announcement on Tuesday, South Korea’s Financial Intelligence Unit (FIU) said the decision followed reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7. 

The list also includes CoinW, BTCC, BitMart, BingX, DigiFinex and others. The block applies to crypto platforms that have not registered under the Act on Reporting and Using Specified Financial Transaction Information, the country’s anti-money laundering legislation.

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