South Korea Bans 14 Unregistered Crypto Apps on Apple Store
South Korea has taken a tough stance on unregistered crypto exchanges. On April 11, the Financial Services Commission (FSC) announced that 14 overseas exchanges, including KuCoin and MEXC, were blocked from the Apple App Store. These platforms were reportedly operating without official registration in the country.
A report released on April 14 confirmed the ban, stating that these exchanges were considered unregistered virtual asset service providers (VASPs). The Financial Intelligence Unit (FIU) will continue to push for the removal of such apps and websites to protect users and prevent money laundering.
This move follows a similar crackdown on March 26, when Google Play blocked access to several unregistered crypto platforms, including…
