Korean Regulator Wins Approval to Block KuCoin, MEXC and 25 More Crypto Sites

The shift from app-store removals to website blocking marks a meaningful escalation in South Korea's enforcement posture, and the FIU's stated intent to act without waiting for victim reports or court rulings suggests a lower procedural bar for future blocks. Offshore exchanges that have treated Korea as an accessible market without local registration are the clearest losers here. The open question is whether similar website-level blocking spreads to other jurisdictions, and whether users migrate to VPNs or alternative venues rather than to compliant platforms.