South Korean regulators have banned the apps of Poloniex, KuCoin, MEXC, and 14 other cryptocurrency exchange platforms from Google Play due to their unregistered operations.
The Financial Intelligence Unit announced on March 26 that Google has begun restricting access to 17 of these apps, which target unregistered Korean users. As a result, South Korean users can no longer install the apps, and current users cannot receive updates.
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According to South Korean cryptocurrency regulations, all exchange platforms must be registered, including foreign ones that serve Korean users.
This applies if you have a Korean-language website, market your products to Korean users, or accept payments in Korean won.