Kucoin, MESCC and 12 Cripto ExchangeS Apple Apple applications are blocked in South Korea

South Korean regulators asked for 14 applications from Apple – belonging to unreclaimed foreign cryptic operators – be blocked in the country, The statement said Monday.

The CRIPTO exchange Kucoin and MEKSC are among the companies that target the regulator, and the domestic approach to their applications was blocked from 11 April. April. Coindesk reached Kucoin and Mexc for a comment.

Foreign virtual business operators who want to work in South Korea must report on the financial intelligence service (FIU) in accordance with the law on reporting and use of specific financial transaction information, a statement said.

“Unclaimed business activities are subject to criminal penalties, and the FIU targets uncertified business operators of virtual funds carried out by domestic business activities without reporting (16 companies in 2022 years, and at the same time blocking domestic access via online mobile phones.

South Korea moved to block the chippy providers who work illegally. Last month asked for Google to prevent access 17 applications while reports went out to regulator It is planned to block some exchanged sites.

“In the future, FIU will continue to block domestic access via mobile applications abroad abroad to prevent risks of laundering and customer damage, in consultation with relevant organizations”.