KuCoin, MEXC Among 27 Unregistered Crypto Exchanges Blocked in South Korea

South Korean regulators have ordered the blocking of 27 overseas cryptocurrency exchanges operating without proper local registration. The move was reported by CryptoBriefing, Coinfomania and Cointelegraph. Among the platforms named are KuCoin and MEXC, two exchanges with substantial international user bases. The action falls under South Korea’s existing framework for virtual asset service providers. Foreign exchanges serving Korean customers are generally required to register with the country’s Financial Intelligence Unit. That registration requires compliance with anti-money laundering rules and the Travel Rule , which mandates sharing of sender and recipient information for crypto transfers above certain thresholds.