Seoul Moves to Block 27 Crypto Exchanges. Will Korean Money Come Home?
South Korea has ordered domestic access blocks on 27 unregistered crypto exchange websites, including KuCoin, MEXC, Phemex, BingX, and BitMart. The Financial Intelligence Unit (FIU) disclosed the order on October 13. The country’s communications review body approved the blocks after reviews on October 6 and 7. Sites hosted abroad face access blocks, while those with The post Seoul Moves to Block 27 Crypto Exchanges. Will Korean Money Come Home? appeared first on BeInCrypto.
Key Takeaways
- South Korea has ordered domestic access blocks on 27 unregistered crypto exchange websites, including KuCoin, MEXC, Phemex, BingX, and BitMart.
- The Financial Intelligence Unit (FIU) disclosed the order on October 13.
- The country’s communications review body approved the blocks after reviews on October 6 and 7.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage.
Binance to shut down crypto mining pool services in November
Binance will discontinue its mining pool and related services on Nov. 10, urging miners to move to alternative pools before the shutdown.
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets.