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Crypto News: Google Takes Action—17 Crypto Exchange Apps Banned in Korea

  • 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.

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