🚨 Google Blocks 17 Crypto Exchanges in South Korea! 🚨
🔹 Major platforms affected: KuCoin, MEXC, Phemex, Poloniex, and more
🔹 Users can’t install or update apps from the Google Play Store locally
🔹 Action taken at South Korea’s request due to regulatory non-compliance
📌 Why the Ban?
South Korea enforces strict Virtual Asset Service Provider (VASP) regulations, requiring exchanges to register with financial authorities. These 17 platforms failed to comply, leading to their restriction.
📉 Impact on Users:
🔸 Limited access to global crypto trading platforms
🔸 Potential shift to registered local exchanges
🔸 Risk of legal issues for those seeking workarounds (e.g., VPNs)
💡 What’s Next?
This move signals South Korea’s growing control over crypto markets, emphasizing compliance. Traders should stay informed about evolving regulations to avoid disruptions.