South Korea Asks Apple To Remove Crypto Apps In Regulatory Crackdown
South Korea’s Financial Services Commission (FSC) is intensifying efforts to block unregistered digital asset platforms by targeting mobile app stores.
The FSC announced it had requested Apple to remove 14 cryptocurrency exchange applications from its store, including KuCoin and MEXC, as part of a broader enforcement push.
According to FSC, the exchanges were classified as unregistered virtual asset service providers (VASPs) operating illegally in the country. The Financial Information Analysis Institution (FIU), the FSC’s anti-money laundering arm, stated it will continue to block access to mobile apps and websites of unregistered firms to prevent financial crime and protect users.
This move follows a similar request made to…
