Overview
- The FIU on Tuesday ordered internet access to 27 overseas exchange websites to be blocked after communications regulators reviewed the sites on October 6 and 7.
- Regulators have also referred 44 unregistered virtual-asset operators to investigators for suspected unauthorized business activity.
- Sites hosted overseas will be cut off from domestic access and platforms with domestic servers or operators face service termination under the same enforcement push.
- The FIU said it will monitor replacement domains, request further blocks if exchanges reopen under new addresses, and work with DAXA and licensed operators to help customers withdraw funds.
- Only 27 to 28 exchanges are registered in Korea so the restrictions could shift trading toward licensed domestic venues and complicate withdrawals for users holding assets on the blocked platforms.