15-4-2025 – South Korea has intensified its crackdown on unauthorised digital asset platforms targeting its citizens. The nation’s Financial Services Commission (FSC) has successfully orchestrated the removal of 14 cryptocurrency exchange applications from the Apple App Store, according to a statement issued on April 14.
South Korea’s Financial Intelligence Unit (FIU) remains steadfast in its mission to shield users from the risks posed by unregistered foreign virtual asset operators. Authorities suspect these platforms of flouting regulations, potentially exposing consumers to fraud and enabling illicit financial flows. The FIU has vowed to sustain its vigilance, pursuing further measures to block non-compliant websites and applications. This proactive stance underscores South Korea’s commitment to fostering a secure environment for digital transactions while curbing avenues for money laundering.
