South Korea just ordered Apple to block these 14 exchanges

[NotATether]

Pasted from Bitcointalk:

It appears that if you are under a jurisdiction that has no clear regulations on the cryptospace, you should not leave money there for trading. I reckon Binance is also one of these exchanges. There are some people that have mentioned that in their jurisdiction the website cannot be accessed, however, the app can be accessed and they continue using this through the app. This will be very headshaking if you have funds on Binance and they will remove access without warning.

In any case, what would be the solution for this if you are a trader? We should trade on smaller exchange where governments might not notice them or decentralized exchanges?



South Korean regulators requested 14 apps from Apple — belonging to unreported foreign crypto operators — be blocked domestically, a statement said on Monday.

Crypto exchanges KuCoin and MEXC are among the firms being targeted by the regulator, and domestic access to their apps have been blocked since April 11. CoinDesk reached out to KuCoin and MEXC for a comment.

Read in full https://www.coindesk.com/policy/2025/04/14/kucoin-mexc-and-12-crypto-exchanges-apple-apps-blocked-in-south-korea

It appears that if you live in South Korea, they won't want you using any kind of exchange that is not regulated, which is understandable because there's tons of "KYC exchanges" who collect documents from these users but for some reason don't bother to register or apply for a license with the local authorities when they expand operations to another country.

[Charles-Tim]

I saw this on Bitcointalk like a week ago. Which means it is not now that it happened. When I read about it last week, I noticed most big exchanges were not included. Also those that were included can try to get licensed in the country.

Are there South Korean people on this forum? Are the exchange URLs still working?

[Z-tight]

This is not the first time a country is doing this, if the exchanges want to continue offering their services to customers from South Korea, then they have to comply with regulators and get a license. So many of these exchanges operate without a license, until the government takes a step like this, it happens often.