Google Blocks 29 Crypto Apps in South Korea

Users in South Korea can no longer download 29 major crypto exchange applications from the Google Play Store. The list of restricted platforms includes well known names such as OKX, Bybit, KuCoin, MEXC, Gemini, and BitMEX. This move follows stricter local requirements for digital asset service providers operating within the country.

Google now requires all crypto exchanges and custodial wallet apps to register as local virtual asset service providers if they want to offer services to South Korean residents. This policy aims to ensure that international platforms follow the same legal standards as domestic businesses, specifically regarding financial transparency and anti money laundering practices.

This development shows that South Korean regulators are serious about monitoring who provides financial services to their citizens. Investors using these international apps may face increased friction or restricted access as the authorities push for full compliance. Traders should keep an eye on how these exchanges adjust their business models to meet these new local rules.