South Korea locks out crypto users as 27 exchange sites go dark
FIU plans withdrawal guidance through DAXA with operators’ cooperation as website restrictions raise access concerns for existing users. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
South Korea's Financial Intelligence Unit has blocked access to 27 crypto exchange websites, locking out existing users from trading platforms. The FIU says it will provide withdrawal guidance through the DAXA industry body with operator cooperation, but the restrictions raise concerns about how users can retrieve funds. The move signals tighter regulatory pressure in a major crypto market and could weigh on sentiment for Korean exchange-linked tokens and regional trading volumes.
