South Korea just banned 27 unregistered crypto exchange sites including $KUCOIN and $MEXC
FIU pushed this through after reviews on Oct 6-7. Sites got blocked after app stores already pulled them.
Unregistered operators now face 5 years prison or 50M won fines.
This is Korea-only enforcement. Global ops continue as normal.
Regulatory walls closing in on CEXs without proper licensing. If you're trading on unlicensed platforms in strict jurisdictions, risk just went parabolic.
FIU pushed this through after reviews on Oct 6-7. Sites got blocked after app stores already pulled them.
Unregistered operators now face 5 years prison or 50M won fines.
This is Korea-only enforcement. Global ops continue as normal.
Regulatory walls closing in on CEXs without proper licensing. If you're trading on unlicensed platforms in strict jurisdictions, risk just went parabolic.