Korea is having quite the day. Seoul's Financial Intelligence Unit announced on Oct. 13 that access within the country to 27 unregistered offshore crypto exchange websites—including KuCoin, MEXC, Phemex and BingX—will be blocked. The move follows regulatory reviews conducted on Oct. 6–7. Users of affected platforms can get withdrawal guidance through DAXA.
Meanwhile, Bitcoin showed resilience: after briefly dipping below $81,000 around 00:50 UTC (08:50 Beijing time) on Oct. 13, BTC rebounded above $83,000—even as Korea's KOSPI plunged more than 6% intraday, its steepest drop since July, and Nasdaq futures weakened. Crypto has decoupled from equities—for now. With WTI oil still hovering near $93 and U.S. CPI due Thursday, the next macro test is just around the corner. Not financial advice; for reference only.
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$BTC
#Korea #CryptoRegulation #Macro
Meanwhile, Bitcoin showed resilience: after briefly dipping below $81,000 around 00:50 UTC (08:50 Beijing time) on Oct. 13, BTC rebounded above $83,000—even as Korea's KOSPI plunged more than 6% intraday, its steepest drop since July, and Nasdaq futures weakened. Crypto has decoupled from equities—for now. With WTI oil still hovering near $93 and U.S. CPI due Thursday, the next macro test is just around the corner. Not financial advice; for reference only.
---
$BTC
#Korea #CryptoRegulation #Macro