South Korea Tightens Grip on Crypto, Banning Unregistered Platforms

South Korea’s push to regulate the crypto market has intensified with a crackdown on unregistered exchanges. Regulators are targeting platforms operating without licenses, restricting access through app stores and enforcing registration requirements for foreign firms seeking to serve South Korean users. The move follows similar actions against major global exchanges like KuCoin and MEXC, effectively cutting off their local access. This tightening of oversight aims to prevent illicit activity and protect investors. 14 crypto applications were requested to be removed from the App Store by Apple this week, reflecting a deeper commitment to legal compliance.