by Alimat Aliyeva

South Korean authorities are preparing to restrict access to 27
cryptocurrency platforms that allegedly provided services to local
users without the required registration.

The decision was announced by South Korea’s Financial
Intelligence Unit (FIU), which is stepping up its efforts to
regulate the digital asset market and protect investors.

The list reportedly includes major international crypto
exchanges such as KuCoin, MEXC, Phemex, XT.com, Bitrue, CoinW,
Poloniex, BTCC, BingX and BitMart, along with other platforms.

Companies whose servers are located in South Korea could be
ordered to cease operations, while access to platforms hosted
abroad would…