South Korea Imposes Restrictions on Several Offshore Crypto Exchanges

Community Trust Score Verified 89 % Real Verified 37 votes Updated 2 hours ago South Korea just shut the door on 27 offshore crypto exchange websites. KuCoin, MEXC, Phemex, BingX, BitMart — all of them are now blocked for users in the country. The blocking of these 27 offshore crypto exchange sites by South Korea underscores the country's stringent regulatory approach to cryptocurrency, particularly in an environment where user protection and compliance are prioritized.