Current outcome
South Korea's FIU approved domestic website blocks on 27 unregistered overseas crypto exchanges and VASPs, including KuCoin, MEXC, Phemex, Bitrue, BingX, BitMart and Poloniex, following Korea Media and Communications Standards Commission reviews on Oct. 6–7; it plans to provide withdrawal guidance through DAXA with operator cooperation.
Progress timeline
2 material updates- #01
South Korea Orders Website Blocks on 27 Unregistered Overseas Crypto Exchanges,
South Korea's Financial Intelligence Unit ordered domestic website blocks on 27 unregistered overseas crypto exchanges including KuCoin, MEXC, BingX, BitMart and Poloniex, expanding existing app-level restrictions and referring 44 unregistered VASPs to investigators, with withdrawal guidance to be provided to affected users through DAXA.
Source evidence: wublockchainenglish
- #02
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
The FIU's website-blocking measures were approved following reviews by the Korea Media and Communications Standards Commission on Oct. 6–7; the list further names exchanges such as Phemex, Bitrue, CoinW, BTCC, and DigiFinex, and the FIU assesses Korean targeting via Korean-language services, marketing, and KRW transactions.
State after update: South Korea's FIU approved domestic website blocks on 27 unregistered overseas crypto exchanges and VASPs, including KuCoin, MEXC, Phemex, Bitrue, BingX, BitMart and Poloniex, following Korea Media and Communications Standards Commission reviews on Oct. 6–7; it plans to provide withdrawal guidance through DAXA with operator cooperation.
Source evidence: Cointelegraph · CoinDesk · theblockbeats