27 CRYPTO EXCHANGES BLOCKED. YOUR COINS ARE STILL THERE, BUT CAN YOU ACCESS THEM?
South Korea just blocked domestic access to 27 unregistered crypto platforms, including MEXC, KuCoin, BingX and Phemex.
And here's the part nobody should ignore.
A website ban doesn't automatically mean your crypto is confiscated.
But what good is holding $BTC on an exchange if you suddenly struggle to access your account?
The FIU says 44 unregistered operators have been referred to investigators, while only 28 providers are registered locally.
The government argues these restrictions protect users from unregulated platforms and money laundering risks.
Fair enough. But existing customers now face a very real problem: getting their assets out.
Authorities are working with DAXA on withdrawal assistance.
My take? This is another reminder that exchange custody comes with regulatory risk, not just hacking or insolvency risk.
Not your keys, not your coins.
#CryptoNews #SelfCustody
South Korea just blocked domestic access to 27 unregistered crypto platforms, including MEXC, KuCoin, BingX and Phemex.
And here's the part nobody should ignore.
A website ban doesn't automatically mean your crypto is confiscated.
But what good is holding $BTC on an exchange if you suddenly struggle to access your account?
The FIU says 44 unregistered operators have been referred to investigators, while only 28 providers are registered locally.
The government argues these restrictions protect users from unregulated platforms and money laundering risks.
Fair enough. But existing customers now face a very real problem: getting their assets out.
Authorities are working with DAXA on withdrawal assistance.
My take? This is another reminder that exchange custody comes with regulatory risk, not just hacking or insolvency risk.
Not your keys, not your coins.
#CryptoNews #SelfCustody