South Korea's FIU blocks websites of 27 unlicensed crypto exchanges
- —The media review committee approved blocking 27 unlicensed crypto sites on Oct. 6–7
- —Domestic sites are shut down, while overseas ones are blocked for users in Korea
- —Fees at unlicensed platforms run 1.5–10% versus 0.16% at Korea's top five won exchanges
- —A total of 44 illegal crypto operators have been reported to investigators so far
Why it matters: The move marks the first time regulators have blocked websites rather than just apps, tightening pressure on unlicensed platforms and shielding Korean investors.
Source: Bloomingbit