South Korea blocks access to 27 offshore crypto exchanges
South Korea is blocking 27 unregistered foreign crypto exchanges, including #KuCoin , #MEXC , #Phemex , #BingX , and #BitMart , expanding its crackdown beyond mobile apps to their websites. South Korea’s Financial Intelligence Unit (FIU) said that the Korea Communications Standards Commission approved the restrictions after reviews on October 6-7. The measures will block websites operated overseas and terminate services run domestically.
South Korean regulators will seek to block unregistered exchanges once detected, without waiting for court rulings or confirmed user losses. Platforms targeting Korean users through local-language websites, marketing, or won payments face up to five years in prison or a 50 million won fine. The FIU has referred 44 operators for investigation and plans to block replacement websites.
👉 coindesk.com/policy/2026/10/13/south-korea-blocks-27-crypto-exchanges-including-bitmart-and-kucoin
South Korea is blocking 27 unregistered foreign crypto exchanges, including #KuCoin , #MEXC , #Phemex , #BingX , and #BitMart , expanding its crackdown beyond mobile apps to their websites. South Korea’s Financial Intelligence Unit (FIU) said that the Korea Communications Standards Commission approved the restrictions after reviews on October 6-7. The measures will block websites operated overseas and terminate services run domestically.
South Korean regulators will seek to block unregistered exchanges once detected, without waiting for court rulings or confirmed user losses. Platforms targeting Korean users through local-language websites, marketing, or won payments face up to five years in prison or a 50 million won fine. The FIU has referred 44 operators for investigation and plans to block replacement websites.
👉 coindesk.com/policy/2026/10/13/south-korea-blocks-27-crypto-exchanges-including-bitmart-and-kucoin