UPDATE: South Korea FIU details blocks on 27 unregistered exchanges
CIE News ·
South Korea's FIU approved website blocks against 27 unregistered crypto exchanges following reviews on October 6 and 7, also referring 44 operators to investigators.
South Korea's Financial Intelligence Unit announced that the Korea Communications Standards Commission approved blocks on 27 unregistered crypto exchanges following reviews on October 6 and 7, CoinDesk reported. As previously reported, authorities moved to restrict access to unregistered platforms, expanding prior mobile application blocks to include websites. The FIU stated that foreign-operated websites will be blocked while domestic services face termination, with regulators intending to target replacement domains. The agency noted that 44 operators have been referred to investigators, and only 28 virtual asset service providers are officially registered with the FIU.