South Korea’s FIU Blocks 27 Unregistered Crypto Exchange Websites

South Korea’s Financial Intelligence Unit (FIU) announced on Tuesday that it will block domestic access to the websites of 27 unregistered offshore crypto exchange platforms. KuCoin, MEXC, Phemex, BingX, BitMart, XT.com, Bitrue, CoinW and BTCC are among the list of platforms. The Korea Communications Standards Commission (KCSC), the country’s internet regulator, made the actual decision after two rounds of deliberations on October 6 and 7. Websites with servers or operators inside South Korea will be shut down while sites based overseas will be blocked from domestic access. The FIU has also referred 44 unregistered operators to investigators.

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