South Korea Blocks 14 Undeclared Crypto Exchange Apps, including KuCoin and MEXC
2025-04-14 19:14:54
South Korea's Financial Intelligence Unit (FIU) said it has asked Apple to block 14 apps from overseas undeclared virtual asset operators, including KuCoin and MEXC, whose apps have been blocked since April 11. "Undeclared business practices will face criminal penalties," the statement said. The FIU has continued to target undeclared overseas operators and blocked domestic use through "websites and mobile apps." The FIU stressed: "In the future, we will continue to block such apps and websites in consultation with relevant agencies to prevent money laundering risks and user losses."
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