Korean Watchdog Wins Approval to Block KuCoin, MEXC and 25 More Unregistered Crypto Sites
By Unchained
AI summary of the source article
South Korea's Financial Services Commission announced regulatory approval to block the websites of 27 unregistered crypto platforms, including KuCoin and MEXC. The measure marks the first time authorities have targeted unregistered operators' websites.
Key facts
- South Korea's communications regulator approved requests from the Financial Intelligence Unit to block 27 unregistered crypto platform websites.
- The FIU plans to request blocks immediately upon detecting unregistered activity without waiting for investigation results or confirmed customer losses.
- Operating crypto services to Korean residents without FIU registration carries penalties of up to five years in prison or fines up to 50 million won.
Source excerpt · Unchained
A Korean media regulator's ruling extends the crackdown on unregistered operators from app stores to websites, and the FIU says future blocks will not wait for victim reports or court rulings. The post Korean Watchdog Wins Approval to Block KuCoin, MEXC and 25 More Unregistered Crypto Sites appeared first on Unchained .