Apple Removes 14 Crypto Apps in South Korea Amid Regulatory Scrutiny

Apple has delisted 14 crypto apps, including KuCoin and MEXC, in South Korea following regulatory requests due to concerns over unreported activities. This comes amid increasing crypto adoption in the country, where banks are keen to partner with crypto firms as regulations loosen.

Apple has recently removed 14 cryptocurrency applications from its App Store in South Korea, complying with a request from the country’s Financial Intelligence Unit (FIU). This state agency, which focuses on anti-money laundering efforts, claims these applications were associated with foreign virtual asset operators engaged in unreported business activities.

Tag BITCOIN MINING BITHUMB COINONE CRYPTOCURRENCY FINANCIAL SERVICES COMMISSION INVESTING MARKET TRENDS SOUTH KOREA YONHAP

Elena Garcia

Elena Garcia, a San Francisco native, has made a mark as a cultural correspondent with a focus on social dynamics and community issues. With a degree in Communications from Stanford University, she has spent over 12 years in journalism, contributing to several reputable media outlets. Her immersive reporting style and ability to connect with diverse communities have garnered her numerous awards, making her a respected voice in the field.

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