South Korean authorities have ordered the blocking of 27 overseas cryptocurrency exchange websites operating without registration in the country, including KuCoin, MEXC, BingX, Poloniex and BitMart. The decision, made by the Korea Communications Standards Commission after two reviews on October 6 and 7, was announced by the Financial Intelligence Unit on October 13. Platforms targeting Korean customers must obtain ISMS certification and file reports with the FIU, facing up to five years in prison or fines of 50 million won. The FIU has already referred 44 unregistered virtual asset service providers to investigative authorities and is monitoring alternative domains used to bypass restrictions. Separately, South Korea is preparing a roadmap for tokenizing stocks, bonds and investment funds starting in February 2027.
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