Korean Google Play Removes 29 Overseas Crypto Exchange Apps

Odaily Odaily reports that at least 29 overseas virtual asset exchange applications are currently unavailable for download on the Google Play Store in South Korea. As one of the main reasons Korean users turn to overseas exchanges is to participate in derivative trading such as futures, this investigation primarily focuses on derivative platforms. Among them, 14 platforms were previously identified by the Financial Intelligence Unit (FIU) of the Financial Services Commission as unregistered Virtual Asset Service Providers (VASP) and have been referred to investigative authorities. Notably, another 15 exchanges, although not included in the FIU's official investigation notice list, also have their applications blocked from installation on Google Play in South Korea. (Digital Asset)