Korea Financial Intelligence Unit orders blocking of 27 unregistered overseas crypto exchange websites
- 1The Financial Intelligence Unit ordered the blocking of domestic access to 27 unregistered overseas crypto exchange websites, including KuCoin, MEXC, Phemex, BingX, and BitMart.
- 2Based on traceable paths including 2026 projections, the volume of funds moved from Korea to overseas exchanges from 2021 to 2026 is 700 trillion won.
- 3Operating without registration can result in fines up to 50 million won and up to 5 years in prison.
So what's the key point?
The government ordered the blocking of access to 27 unregistered overseas crypto exchanges. This measure was taken because the amount of money sent from Korea to overseas exchanges has reached 700 trillion won.
Source Cryptonews · View original ↗
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