South Korea blocks access to 27 unregistered overseas crypto exchanges

XT: XT (XT.com) is an overseas cryptocurrency exchange that facilitates trading of various digital assets. It has not registered with the FIU for operations targeting South Korean users. It is included in the list of platforms subject to domestic website blocks. BTCC: BTCC is an overseas cryptocurrency exchange offering trading services. It has not completed the required registration in South Korea. It is included among the 27 platforms subject to domestic website blocks. DAXA: DAXA, or the Digital Asset eXchange Alliance, serves as a self-regulatory organization representing major registered cryptocurrency exchanges in South Korea. It supports policy development and user protection initiatives. In this news, it is tasked with providing withdrawal guidance to users affected by the blocks on unregistered platforms. MEXC: MEXC is an overseas cryptocurrency exchange offering trading in a wide range of virtual assets. It operates without the required registration in South Korea for serving local users. Authorities have included it in the group of 27 platforms facing website access restrictions. BingX: BingX is an overseas cryptocurrency exchange focused on derivatives and spot trading. It has not completed registration with South Korea's FIU. The exchange is listed among those targeted for website blocks to prevent access by domestic users. CoinW: CoinW is an overseas cryptocurrency exchange providing multiple trading products. It has not registered as required with South Korean authorities. It is targeted in the FIU's action to block access to 27 unregistered sites. Bitrue: Bitrue is an overseas cryptocurrency exchange offering spot and futures trading. It operates without FIU registration in South Korea. The exchange is among those whose websites are now restricted for domestic access. KuCoin: KuCoin is an overseas cryptocurrency exchange that provides trading services for various digital assets. It has not registered with South Korean authorities as required for operators targeting domestic users. The platform is among those whose websites are now subject to domestic access blocks under the FIU's latest enforcement action. Phemex: Phemex is an overseas cryptocurrency exchange providing trading services including perpetual contracts. It remains unregistered with South Korean regulators. The platform faces website access restrictions as part of the expanded enforcement against 27 operators. BitMart: BitMart is an overseas cryptocurrency exchange facilitating digital asset trading. It operates without FIU registration for domestic users. The exchange is listed in the group facing website access restrictions. Poloniex: Poloniex is an overseas cryptocurrency exchange known for spot and derivatives trading. It remains unregistered with the FIU for serving South Korean users. The platform faces website access restrictions under the recent enforcement measures. South Korea's Financial Intelligence Unit: South Korea's Financial Intelligence Unit (FIU) operates under the Financial Services Commission as the primary body handling financial intelligence, anti-money laundering oversight, and enforcement against unregistered virtual asset service providers. It reviews and refers illegal operators to authorities while coordinating with communications regulators on access restrictions. In this news, the FIU announced website blocks on 27 unregistered overseas exchanges following recent deliberations. Regulation: South Korean authorities are expanding enforcement by extending prior app restrictions to include website blocks on unregistered virtual asset service providers. Enforcement: The FIU has referred dozens of illegal operators to investigative authorities and plans to monitor alternative domains to prevent circumvention of the new restrictions.