South Korea Blocks 27 Crypto Exchange Websites, Including KuCoin and MEXC
KuCoin, MEXC, and 25 other overseas crypto platforms face website restrictions in South Korea for operating without required local registration.
AI summary
South Korea has blocked access to 27 overseas crypto exchange websites, including KuCoin and MEXC, for operating without the required local registration. The move restricts these platforms from serving South Korean users and signals tighter enforcement of the country's crypto regulations. Traders should watch for reduced liquidity and potential delistings affecting Korean won markets, as well as similar crackdowns on unregistered exchanges in other jurisdictions.
Impact
65
%
Conviction
40
%
