Google has blocked 17 unregistered crypto exchange apps in South Korea, reinforcing the country’s strict stance on digital asset regulations.
The ban affects popular platforms like KuCoin, MEXC, Phemex, and BitMart, restricting users from downloading or updating their apps.
South Korea has stringent regulations for crypto exchanges, requiring registration, KYC, and AML measures, as well as partnerships with local banks for transparent transactions.
The ban limits South Korean traders' access to global platforms, potentially leading to a shift toward domestic, regulated exchanges.