KCS
+0.8%South Korea blocks websites of twenty seven unregistered crypto exchanges
Image: BeInCryptoSouth Korea ordered domestic access blocks on the websites of 27 unregistered overseas crypto exchanges. The Financial Intelligence Unit announced the measure on October 13, 2026. The targets operate without FIU registration. Regulators previously restricted app store downloads and credit card transactions for unregistered platforms. Unregistered exchanges charge average trading fees between 1.5% and 10%. Major licensed South Korean exchanges charge around 0.16%.
Key points
- South Korea ordered access blocks on 27 unregistered overseas crypto exchanges.
- The Financial Intelligence Unit announced the measure on October 13, 2026.
- Unregistered platforms charge average trading fees between 1.5% and 10%.
- Major licensed South Korean exchanges charge around 0.16% in fees.
Why it matters
The blocks cut off web access, app store distribution, and payment rails for unregistered offshore exchanges in South Korea. Traders face higher fees on unregistered platforms compared to licensed domestic exchanges.
Price context · KCS
At publication
$7.81
Now
$7.81
Change since
+0.00%
7 days · dashed line = publication
Sources · 3 publishers
Cointelegraph
Tier 1
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
BeInCrypto
Tier 2
Seoul Moves to Block 27 Crypto Exchanges. Will Korean Money Come Home?
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
