⚠️ this will affect XRP! 👎 (South Korea BANS crypto exchanges) ❌

✅ Trade with no VPN, no KYC: https://www.mexc.com/register?inviteCode=mexc-2mzTJ
🔵 Free crypto Tax software I use: https://koinly.io/?via=D6373842&utm_source=affiliate

South Korea has banned over 17 crypto exchanges and have ordered them blocked in Google Appstore.

Details of the Exchange Bans
On March 27, 2025, South Korea’s Financial Intelligence Unit (FIU), under the Financial Services Commission (FSC), took action against 17 foreign cryptocurrency exchanges, including well-known platforms like KuCoin, MEXC, Bitfinex, Bitget, BitMart, Bitpanda, Bitstamp, Bybit, Coinbase, Gate.io, Gemini, HTX, Kraken, OKX, Phemex, Poloniex, and XT.com. The FIU prompted Google Play to restrict access to these platforms for South Korean users, effectively blocking them from the Play Store. Reports indicate that similar restrictions are expected to extend to Apple’s App Store and through internet service providers (ISPs), which could involve ISP-level blocks or DNS filtering to prevent access entirely.
The primary reason for these bans is that these exchanges were operating in South Korea without registering as Virtual Asset Service Providers (VASPs) under the country’s Specified Financial Information Act. This law mandates that all crypto exchanges serving South Korean users must report to the FIU, comply with AML/KYC regulations, and partner with local banks to offer real-name accounts for trading. The FIU’s investigation revealed that these 17 platforms were providing services—such as Korean-language websites, marketing, and customer support—without proper registration, making their operations illegal under South Korean law. Non-compliance can lead to criminal charges, regulatory penalties, and, as seen here, outright bans.
Articles: https://beincrypto.com/google-blocks-crypto-exchanges-south-korea/

South Korea crypto exchange ban, South Korea Financial Intelligence Unit, South Korea Virtual Asset Service Providers, South Korea unregistered crypto exchanges, South Korea FIU exchange bans, South Korea FSC crypto regulations, South Korea KuCoin ban, South Korea Coinbase ban, South Korea Bybit ban, South Korea crypto market consolidation, South Korea real-name accounts crypto, South Korea AML KYC crypto, South Korea Big 4 exchanges, South Korea crypto trading restrictions, South Korea Google Play crypto ban, South Korea Apple App Store crypto ban, South Korea ISP crypto blocks, South Korea crypto regulatory crackdown, South Korea crypto investor protection, South Korea crypto illicit activities

#SouthKoreaCryptoBan, #FIUCrackdown, #CryptoRegulationKR, #SouthKoreaExchangeBan, #VASPBanKR, #CryptoSouthKorea, #FSCSouthKorea, #KuCoinBanKR, #CoinbaseBanKR, #BybitBanKR, #CryptoMarketKR, #RealNameCryptoKR, #AMLCryptoKR, #KYCryptoKR, #Big4ExchangesKR, #CryptoTradingKR, #GooglePlayCryptoBan, #AppStoreCryptoBan, #ISPCryptoBlocks, #CryptoProtectionKR
#XRPCommunity #XRPArmy #XRPL
XRP News Today | XRP update | XRP Price prediction
____________
IMPORTANT DISCLAIMER: I am NOT a financial adviser, I am not a legal adviser, I am not a tax adviser or any type of adviser whatsoever. Nothing I say in these videos should be taken as advice of any kind. Be sure to contact a qualified adviser for your financial, tax or legal advice. I am only a youtuber and enthusiast creating content as a hobby and sharing interesting content for entertainment purposes only. DO YOUR OWN RESEARCH!
____________
The above are affiliate links which means I may get commission if you make a purchase.

Видео ⚠️ this will affect XRP! 👎 (South Korea BANS crypto exchanges) ❌ канала ade
South Korea crypto exchange ban, South Korea FIU exchange bans, South Korea FSC crypto regulations, South Korea KuCoin ban, South Korea Coinbase ban, South Korea Bybit ban, South Korea real-name accounts crypto, South Korea AML KYC crypto, South Korea Big 4 exchanges, South Korea crypto trading restrictions, South Korea Google Play crypto ban, South Korea crypto illicit activities