South Korea’s Financial Intelligence Unit blocked domestic access to 27 websites operated by unregistered overseas virtual asset service providers on Oct. 13, 2026, following deliberations by the Korea Communications Standards Commission on Oct. 6 and 7. The affected platforms included KuCoin, MEXC, BingX, Phemex, XT.com and Bitrue. The measure extends earlier restrictions on payment services, app distribution and transfers involving unregistered firms. Authorities cited weak anti-money-laundering controls, inadequate safeguards for user assets, data leaks, hacking, concealment of criminal proceeds, non-delivery of assets and undisclosed excessive fees. The FIU has referred 44 unregistered operators to investigative authorities and plans to block alternate domains used to bypass restrictions while providing withdrawal guidance through DAXA.