The FIU removed 14 unregistered foreign exchanges, including #KUCOIN , #MEXC , and #Poloniex , from the Apple App Store and Google Play. These platforms operated without mandatory registration or ISMS certification.
Violators face up to 5 years in prison or โฉ50M fines (~$38K).
This move is part of South Koreaโs broader push to regulate crypto under its AML laws & protect investors, especially after past market failures (e.g., Terra/LUNA). A clear signal that global crypto regulation is accelerating.