According to a report by Felix Ng on Cointelegraph at 02:41 UTC on October 13, 2026, South Korean authorities have approved domestic access restrictions on the websites of 27 unregistered virtual asset service providers, including KuCoin and MEXC. The report did not confirm that all of these websites have been blocked; approval of the measures should be distinguished from their actual implementation.
What I’m paying attention to is this: once access to these services is restricted, how can existing users retrieve their assets? 🔎 The report says South Korea’s Financial Intelligence Unit acknowledged that the restrictions could make withdrawals more difficult and plans to provide guidance through industry group DAXA, in coordination with the operators. This is support that is planned—not a guarantee that withdrawals will be available.
For affected users, practical steps include checking regulatory and platform announcements, keeping account and transaction records, and confirming asset handling procedures through official channels. Beware of “withdrawal assistance” representatives who ask for private keys or seed phrases. When choosing a platform, also check whether it is authorized to operate in your region and what exit arrangements it offers. South Korea’s measures should not be directly applied to other markets.
Source: Felix Ng, Cointelegraph
https://cointelegraph.com/news/south-korea-moves-to-block-27-crypto-websites-including-kucoin-mexc
Disclaimer: This article reflects personal observations and is for informational purposes only; it does not constitute investment advice. Crypto assets involve market, policy, and platform operational risks. Please verify information independently, refer to local regulators and official platform information, make careful decisions, and assume responsibility for your own risks.
#加密监管 #韩国 #AssetSafety
Reference: Felix Ng, 2026-10-13T02:41:30.041000+00:00 (link: https://cointelegraph.com/news/south-korea-moves-to-block-27-crypto-websites-including-kucoin-mexc).
The above is for informational purposes only and does not constitute investment advice. Markets involve risks; invest with caution.
What I’m paying attention to is this: once access to these services is restricted, how can existing users retrieve their assets? 🔎 The report says South Korea’s Financial Intelligence Unit acknowledged that the restrictions could make withdrawals more difficult and plans to provide guidance through industry group DAXA, in coordination with the operators. This is support that is planned—not a guarantee that withdrawals will be available.
For affected users, practical steps include checking regulatory and platform announcements, keeping account and transaction records, and confirming asset handling procedures through official channels. Beware of “withdrawal assistance” representatives who ask for private keys or seed phrases. When choosing a platform, also check whether it is authorized to operate in your region and what exit arrangements it offers. South Korea’s measures should not be directly applied to other markets.
Source: Felix Ng, Cointelegraph
https://cointelegraph.com/news/south-korea-moves-to-block-27-crypto-websites-including-kucoin-mexc
Disclaimer: This article reflects personal observations and is for informational purposes only; it does not constitute investment advice. Crypto assets involve market, policy, and platform operational risks. Please verify information independently, refer to local regulators and official platform information, make careful decisions, and assume responsibility for your own risks.
#加密监管 #韩国 #AssetSafety
Reference: Felix Ng, 2026-10-13T02:41:30.041000+00:00 (link: https://cointelegraph.com/news/south-korea-moves-to-block-27-crypto-websites-including-kucoin-mexc).
The above is for informational purposes only and does not constitute investment advice. Markets involve risks; invest with caution.