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Google implements South Korean ban on unregistered foreign crypto exchange apps

( March 28, 2025, 03:03 GMT | Official Statement) -- MLex Summary: At the request of South Korea's financial authorities, Google has blocked domestic access to apps from 17 unregistered foreign virtual asset service providers on its Play Store. According to the Financial Intelligence Unit, the blocked apps include major exchanges such as KuCoin and MEXC, preventing Korean users from installing new apps or updating existing ones. The enforcement action targets companies that conduct business in South Korea without proper registration as required by the financial transaction information act, and aims to prevent money laundering and protect users from risks. The unit is also working to implement similar restrictions on Apple's App Store and relevant websites, while maintaining a list of officially registered providers on its website for public reference.The statement, in Korean, is attached....

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