Google Play Store Boots Unregistered Exchanges in South Korea

Market South Korea Crypto Regulation

Mar, 26, 2025

< 1 min read

by Peter Mwangi

for CoinEdition

Google Play Store blocks 17 unregistered VASP apps, including KuCoin and MEXC, in South Korea.
South Korea’s increased crypto regulation aims to ensure compliance with AML and KYC laws.
The ban on unregistered VASPs may limit access and push users to other regions with fewer regulations.

Google Play Store in South Korea has blocked 17 foreign Virtual Asset Service Providers (VASPs) apps, including those of KuCoin and MEXC, from being accessible to users within the country.

Since March 25, at the request of the South Korean government, Google has implemented domestic access restrictions on 17 exchanges that are not registered in South Korea. Users cannot install new related applications or update them, including: KuCoin, MEXC, Phemex, XT, Biture,… pic.twitter.com/lEesTeYxSf
— Wu Blockchain (@WuBlockchain) March 26, 2025

This action comes as a consequence of these exchanges failing to register with the Financial Intelligence Unit (FIU), which is a branch of South Korea’s Financial Services Commission (FSC), as mandated by local law.

Why Has Google Play Blocked Thes…

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