South Korea demanded it, Google has accepted! 17 Shock Decision About Crypto Money Exchange!

According to the sharing of Chinese crypto currency journalist Wu Blockchain Google Play has blocked foreign VASP applications that are not registered in South Korea, such as Kucoin and Mexc.

Accordingly, Google, the request of the South Korean government since March 25 in South Korea, which has not been registered in South Korea has prevented access to 17 stock exchanges.

South Korean organizer Financial Services Commission (FSC) in the description of Kucoin and Mexc He said that access to the Google Play Store in South Korea in South Korea, including 17 registered foreign stock market applications, including.

FSC also stated that the applications of these stock exchanges cannot be installed and existing users cannot update.

FSC said that these crypto currency exchanges operate without appropriate registration while targeting Korean users.

“It is expected that the domestic access blocking application for Google applications of enterprises that are not reported from abroad is expected to contribute to the prevention of money laundering and domestic users through virtual assets in the future.”

According to FSC’s statement, the prevented stock exchanges were listed as follows: “KuCoin, MEXC, Phemex, XT, Biture, CoinW, CoinEX, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, Apex Pro, CoinCatch, WEEX ve BitMart.”

He added that the criteria regarding the evaluation of domestic commercial activities of FSC stock exchanges is whether there is a Korean website, whether there are marketing activities to attract Korean customers, and whether the payments are supported with the 3rd Korean Won ”.

As a result, users in South Korea can no longer upload or update affected applications through Google Play.

*It is not an investment advice.