South Korea Blocks Access to 27 Offshore Crypto Exchanges, Including KuCoin and MEXC

Regulators in Seoul target unregistered trading platforms as officials weigh whether the move will redirect capital to licensed domestic exchanges. South Korean regulators have taken steps to block access to 27 cryptocurrency exchanges that lack proper registration in the country. The list includes KuCoin and MEXC, two of the larger offshore platforms popular with Korean retail traders, according to Cryptonews.com. The move fits a pattern seen across South Korea's crypto oversight regime. Authorities there have long required exchanges serving domestic users to register with financial regulators and comply with anti-money laundering rules.

Source: TheCoinrise