South Korea blocks 14 unregistered crypto exchage apps including KuCoin and MEXC

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According to ChainCatcher's report citing Coindesk, the Korean Financial Intelligence Unit (FIU) stated that it has requested Apple to block applications from 14 overseas unregistered virtual asset operators, including Kucoin and MEXC, whose apps have been blocked since April 11.

The statement noted: "Undeclared business activities will face criminal penalties," and the FIU has continuously targeted unregistered overseas operators, while also blocking access through internet websites. The FIU emphasized: "In the future, we will consult with relevant agencies to continue blocking such apps and websites to prevent money laundering risks and user losses".

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