- Apple, in a move that surprised absolutely no one, blocked KuCoin, MEXC, and other crypto exchanges at the request of South Korea. 🍎
- Last month, Google joined the party by banning 17 crypto sites. Because why not? 🎉
South Korea, in its ongoing quest to be the fun police of the crypto world, has blocked 14 crypto exchanges, including KuCoin and MEXC. Why? Because they dared to operate in the country without filling out the proper paperwork. The audacity! 📄
On April 14th, the South Korean regulator, the Financial Intelligence Unit (FIU), released a statement that could only be described as bureaucratic poetry:
“Apple Inc. has blocked domestic access to 14 apps from unreported foreign virtual asset operators registered in the Apple App Store since April 11 at the request of the FIU.” 🍏
More Crypto Crackdowns: Because One Wasn’t Enough
According to the FIU, unreported domestic activities could result in a $35K fine and a ban on internet and app access. Because nothing says “innovation” like a hefty fine and a digital lockdown. 💸
Last month, South Korea asked Google to block 17 apps. The FIU added that it will continue to censor more sites to prevent ‘money laundering risks’ and ‘user damage.’ Because, apparently, the FIU is the guardian angel we never asked for. 👼
“FIU will continue to block domestic access through mobile applications (apps) and Internet sites of overseas unreported virtual asset operators to prevent money laundering risks and user damage, in consultation with relevant organizations.”
Other blocked crypto exchange sites and apps include Blofin, Coins, Bitglobal, and BitMart. Because why stop at 14 when you can go for the whole shebang? 🎰
That said, South Korea has hinted at potential regulatory clarity and legislation in Q3 2025 to drive institutional crypto investments in the country. In fact, some top regulators even urged the adoption of Bitcoin ETFs should Japan greenlight the products. Because nothing says “progressive” like waiting for your neighbor to make the first move. 🏃♂️
If confirmed and adopted, the country could position itself for global crypto investments and compete with top hubs in the region like Singapore and Hong Kong. Because who doesn’t love a good old-fashioned crypto arms race? 🚀
Read More
- Solo Leveling Season 3: What You NEED to Know!
- OM PREDICTION. OM cryptocurrency
- Oblivion Remastered: The Ultimate Race Guide & Tier List
- Rachel Zegler Claps Back at Critics While Ignoring Snow White Controversies!
- Moana 3: Release Date, Plot, and What to Expect
- Captain America: Brave New World’s Shocking Leader Design Change Explained!
- Oshi no Ko Season 3: Release Date, Cast, and What to Expect!
- How to Get to Frostcrag Spire in Oblivion Remastered
- Fantastic Four: First Steps Cast’s Surprising Best Roles and Streaming Guides!
- Doctor Doom’s Unexpected Foe: The Dark Dimension’s Ultimate Challenge Revealed!
2025-04-16 04:13