South Korea Blocks MEXC, KuCoin: Users Face Withdrawal Warnings
Photo: DailyCoin
South Korea has ordered domestic web access blocked for 27 unregistered offshore crypto platforms. Major exchanges, including MEXC, KuCoin, Phemex, XT.com, and Bitrue, are affected by the order. Authorities plan to coordinate user funds withdrawal procedures via the Digital Asset Exchange Association (DAXA). South Korea has officially approved domestic access blocks against 27 websites operated by unregistered offshore crypto service providers—including major platforms such as MEXC, KuCoin, Phemex, XT.com, and Bitrue. The enforcement order, approved on October 13, 2026, marks a significant shift in regulatory strategy, expanding restrictions directly from app store distribution to web-level IP blocking.
Source: DailyCoin
