South Korea Cracks Down on Unregistered Crypto Exchanges: 14 Platforms Blocked

South Korea’s Financial Services Commission (FSC) has taken a decisive step in regulating the cryptocurrency industry, blocking 14 unregistered exchanges, including popular platforms like KuCoin and MEXC. The move aims to enhance compliance with financial regulations within the country. This action, reflecting South Korea’s commitment to stringent measures amidst global scrutiny, is expected to impact market liquidity by reducing trading volume on impacted platforms.