South Korea's financial supervisor blocked access to 27 websites on October 13, 2026, through which unregistered foreign exchanges were serving customers in the country. KuCoin, MEXC and BingX are on the list, along with Phemex, XT.com, Bitrue, CoinW, BTCC, BitMart and DigiFinex. For investors in Germany the case is no distant administrative matter: several of those venues hold no workable licence in the European Union either, and in Germany the grandfathering for legacy providers lapsed back on December 31, 2025.
The block does not affect crypto trading in the country, but access to providers that never completed South Korean registration. Anyone holding a balance on one of the affected platforms has to reckon with the route to their account becoming harder. That is precisely the point that turns the case into a question to check here too.
What South Korea's financial supervisor ordered on October 13
Responsibility lies with the Financial Intelligence Unit, the anti-money-laundering reporting office of the South Korean supervisor FSC. It did not enforce the blocks itself but applied for them at the Korea Communications Standards Commission, which approved them after reviews on October 6 and 7, 2026. T...
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