South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin
60-second summary
South Korea blocks 27 crypto exchanges—including Bitmart and KuCoin—after regulators expand earlier mobile‑app bans to website platforms, targeting unregistered operators before investors suffer losses. The crackdown forces dozens of services offline, curtails trading volume, and signals stricter enforcement that could pressure regional liquidity, prompting traders to shift toward compliant venues and potentially dampening market activity.
The country’s regulators are stepping up their earlier restrictions on mobile apps to websites, targeting unregistered exchanges before investors report losses.