South Korea Blocks 14 Crypto Exchanges on Apple Store
Main page News, South Korea, Cryptocurrency Exchanges

On April 11, South Korea's Financial Services Commission (FSC) announced the blocking of 14 cryptocurrency exchanges on the Apple Store.

A report released on April 14 indicated these platforms were allegedly operating as operators of unregistered foreign virtual assets.

The Financial Information Analysis Institution (FIU) plans to continue blocking apps and websites of these operators to prevent money laundering and protect users.

This measure follows the one taken by Google Play on March 26, in which access to several unregistered platforms, including KuCoin and MEXC, was restricted.

According to the FSC, users will not be able to download these apps from the Apple Store, and existing users will not receive updates.

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