South Korea moves to block 27 crypto websites, including KuCoin, MEXC
60-second summary
South Korean regulators announce a ban on 27 crypto websites, targeting unregistered platforms such as KuCoin and MEXC, and warn users they may face withdrawal difficulties; the crackdown aims to enforce licensing rules, curb illicit trading and protect investors, while prompting market participants to shift toward compliant exchanges, potentially tightening liquidity and driving short‑term price volatility.
Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing assets.