South Korea Cracks Down on Unregistered Crypto Apps in iOS App Store

The Financial Intelligence Unit (FIU) of South Korea has taken action against 14 unregistered offshore crypto applications available on the Apple App Store, effectively limiting their access for users. This move aims to combat the surge in scams and fraudulent activities in the country’s burgeoning digital asset market. Notable names from the list include MEXC and KuCoin, which were recently removed from the platform.