South Korea's Financial Intelligence Unit has ordered domestic blocks on 27 unregistered offshore crypto exchange websites such as Kucoin and MEXC, following earlier bans on their mobile apps. This move aims to enforce compliance with local regulations and prevent illegal operations, which carry penalties of up to five years in prison or fines. The block comes amid a sharp drop in Korean equities and concerns about spillover effects into crypto markets. Korean users are advised to withdraw assets from unregistered platforms immediately and use only registered exchanges to avoid risks.
The recent blocking of Kucoin and MEXC in South Korea comes as only 7 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 13, 2026 16:31 WIB: SXP (Solar) fell sharply by 46.27% to Rp37, BAT (Basic Attention Token) rose 22.83% to Rp3.169 with a near-even Pluang order split, and BAL (Balancer) increased 11.14% to Rp16.297. The typical hold times on Pluang range from 85 to 94 days for these assets.
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