South Korea Bans 14 Unregistered Crypto Apps from Apple Store

South Korea has taken action against unregistered crypto exchanges, blocking 14 platforms, including KuCoin and MEXC, from the Apple App Store. The Financial Services Commission (FSC) made this announcement on April 11th, stating that these companies operated without official registration within the country. The move was confirmed by a report released on April 14th which identified them as unregistered virtual asset service providers (VASPs). To protect users and prevent money laundering, the Financial Intelligence Unit (FIU) will continue pushing for the removal of such applications.