News · Regulation & Policy
Regulatory authorities moved to restrict domestic website access to unlicensed crypto exchanges, expanding earlier bans on mobile store apps.
Key point 1 of 3
01
South Korea's communications watchdog approved the domestic blocking of 27 unregistered crypto exchange websites following FIU requests.
Key point 2 of 3
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A June 2026 joint survey revealed illegal venues charged fees of 1.5% to 10%, up to 62 times higher than the 0.16% average of compliant exchanges.
Key point 3 of 3
03
The FIU reported 44 unlicensed platforms to law enforcement, confirming that only 28 virtual asset service providers are legally registered.
Context
South Korea strictly mandates that foreign and domestic exchanges register under the Specific Financial Information Act and secure ISMS certifications before targeting domestic…
Why it matters
Unregistered offshore platforms lose direct web and mobile access to South Korean retail flow, while users must withdraw assets through monitored DAXA procedures.
What to watch
Follow FIU reviews of alternative mirror domains and additional criminal referrals forwarded to investigative authorities.
Sources
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