Why South Korea Is Blocking Offshore Crypto Exchanges Like KuCoin and MEXC

South Korea approved blocks on 27 websites run by unregistered crypto exchanges, including KuCoin, MEXC, Phemex, and Bitrue, following regulatory reviews on October 6 and 7. Authorities referred 44 unregistered operators to investigators. The Financial Intelligence Unit warns customers may face withdrawal difficulties and plans further actions.