TechFlow reports that on March 26, according to an announcement by South Korea's Financial Intelligence Unit (K-FIU), Google has implemented domestic access blocking on apps from 17 overseas virtual asset operators—including KuCoin and MEXC—on the Google Play Store as of March 25. These operators had been providing unregistered services to users in South Korea, at K-FIU's request.
The blocking prevents new installations of the affected apps, and existing users can no longer receive updates. The Financial Intelligence Unit warned that unregistered virtual asset businesses may pose risks such as personal data leaks and cyberattacks, and operate without anti-money laundering regulations or user protection mechanisms.
The Financial Intelligence Unit plans to continue discussions with Apple Korea and the Korea Communications Standards Commission to swiftly implement similar blocks on the Apple App Store and related websites.
