The Financial Intelligence Unit (FIU) of Zuid -Korea has taken new action against Offshore Crypto exchanges that work without approval of the regulations.
In a new directive issued on 14 April, the Apple Office asked to limit access to 14 mobile applications that are linked to non -registered digital asset platforms in its App Store.
The list of the FIU contains important stock markets such as Kucin, Mexc, Phemex, Bitmart, Coinex, Poloniex, Bittrue, Blofin, Coinw, BTCC, Zoomex and Coar.
This enforcement follows the comparable step of the FIU two weeks earlier against non -registered crypto apps in the Google Play Store.
According to the agency, these platforms have not registered under the digital asset regulations of South Korea, which require exchanges to meet anti-money laundering practices (AML) laws and register with the local authorities.
The rules apply to every foreign operator who offers services in Korean, performing local marketing campaigns or facilitating transactions in Korean won.
The FIU emphasized that the restrictions protect consumers and minimize exposure to financial crime. The agency further said that it will continue to coordinate with relevant settings to block access to non -registered platforms via mobile and web channels.
The FIU also warned that non-conforming exchanges can be confronted with legal consequences, including a maximum of five years in prison or fines of a maximum of 50 million Korean won (around $ 35,000).
To support the protection of the consumer, the supervisor has made a list of registered stock exchanges and have encouraged users to pick up their assets from non -registered platforms to prevent possible losses.
Enforcement effort marks a broader deployment of the South Korean authorities to regulate offshore platforms and to create a safer market for digital assets.
The performance is because large South Korean banks have insisted on regulators to give more room for partnerships with crypto companies. This indicates a growing demand for clearer compliance frameworks.
