According to BeInCrypto, South Korea has implemented domestic access blocks on 27 websites operated by unregistered cryptocurrency exchanges, including KuCoin, MEXC, Phemex, BingX, and BitMart. The Financial Intelligence Unit (FIU) announced the order on October 13. Prior to the implementation, the country’s communications review body conducted reviews on October 6 and October 7 to evaluate the measure.
The blocks apply to websites hosted outside South Korea; access from within the country is restricted for those sites. Websites that are properly registered with relevant authorities are not included in the block list. The action follows regulatory efforts to ensure only licensed entities may offer crypto exchange services domestically.
