Google Play to ban overseas crypto exchanges from South Korea store
Google Play will ban unregistered overseas crypto exchanges from its South Korean store starting January 28.Summary
Google's South Korea Play Store will ban the listing or updating of cryptocurrency exchanges and software wallets that are not registered as Virtual Asset Service Providers with the Korea Financial Intelligence Unit (FIU), effective January 28. This impacts prominent global exchanges like Binance, Bybit, and OKX, as only 27 domestic platforms have completed the required registration, which is reportedly difficult for overseas entities due to rigorous certification requirements. While web access to these exchanges remains possible, the ban could significantly affect South Korean retail investors who use these platforms for better leverage and token access. The move builds upon previous South Korean regulations restricting unregistered foreign platforms.
(Source：The Block)