South Korea ordered the blocking of 27 crypto websites, including KuCoin and MEXC, on October 13. The country’s communications regulator issued the decisions at the FIU’s request following two deliberations on October 6-7. These foreign platforms must obtain ISMS certification and meet the same requirements as domestic businesses to operate in South Korea. Users holding assets on these platforms may face difficulties accessing their accounts and completing withdrawals. The FIU plans to publish withdrawal guidance through DAXA, a Korean exchange industry group, but without a confirmed timetable or specific procedure for affected customers.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
