South Korea moves to block 27 crypto websites, including KuCoin, MEXC

South Korea has approved measures to block domestic access to 27 websites run by unregistered crypto exchanges and other virtual asset providers, including KuCoin, MEXC, Phemex and Bitrue. The Financial Intelligence Unit announced the decision on Tuesday, following reviews by the Korea Media and Communications Standards Commission on Oct. 6 and 7. The blocks target platforms not registered under the country's anti-money laundering law, by terminating domestically hosted services or blocking overseas-operated sites. The FIU acknowledged that existing users may have difficulty withdrawing assets and said it will provide withdrawal guidance through DAXA with operator cooperation. The move follows earlier restrictions on 14 apps on Apple's App Store and 17 on Google Play.

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