Apple Bans Unlicensed Crypto Apps in South Korea: KuCoin and MEXC Affected

Apple has removed 16 crypto exchange apps from its South Korean App Store, impacting platforms like KuCoin and MEXC. The move comes after the Financial Intelligence Unit (FIU) requested Apple block these apps due to their lack of proper registration and operation within local regulations. This action aims to protect users by ensuring all crypto services in the country comply with legal frameworks and prevent financial risks like hacking, data breaches, and potential asset misuse.