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Oct 13, 2026

South Korea blocks 27 unregistered crypto exchange websites

South Korea's Financial Intelligence Unit ordered domestic access blocks on 27 unregistered offshore crypto exchange websites, including KuCoin, MEXC, Phemex, BingX, and BitMart.

Oct 13, 2026·3 sources

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Top claims

▪The Korea Communications Standards Commission approved the website access blocks against unregistered crypto exchanges on October 6, 2026 and October 7, 2026 following two rounds of deliberations
▪South Korea's Financial Intelligence Unit announced it will no longer wait for court rulings or confirmed user losses before seeking access blocks against unregistered virtual asset platforms
▪An estimated 700 trillion won was moved from South Korean exchanges to overseas crypto platforms between 2021 and 2026, according to Tiger Research and Chainalysis

Topics

Crypto regulation Anti-money laundering (AML)Crypto enforcement actions Crypto exchange regulation Crypto exchanges

Related entities

South Korea Phemex