South Korea blocks 27 crypto exchanges, including Bitmart and KuCoin
South Korean regulators have moved to block access to 27 foreign crypto exchanges, including well-known names like Bitmart and KuCoin, because these platforms were operating in the country without proper local licenses or registration. This means people in South Korea trying to visit these sites or apps may find them blocked or restricted.
If you're using one of these exchanges from South Korea, you could lose easy access to your account or funds, so it's worth checking if your platform is affected. For everyone else, this is more about local regulation than a sign of trouble with crypto itself.
If you're in South Korea and use any of these exchanges, check official announcements to understand your options for accessing your funds. If you're elsewhere and don't use these platforms, there's nothing to do here.
- crypto exchange
- A website or app where people buy, sell, or trade cryptocurrencies
- licensed/registered
- Officially approved by a government to legally operate in that country