# South Korea Blocks 27 Unregistered Crypto Exchanges

> South Korea blocks 27 unregistered crypto exchanges after app store restrictions.
- Title: South Korea Blocks 27 Unregistered Crypto Exchanges | Shortify
- Summary: South Korea blocks 27 unregistered crypto exchanges after app store restrictions. South Korea ordered domestic internet access blocks on 27 unregistered…
- Keywords: south korea, financial intelligence unit, crypto exchanges, unregistered platforms, korea communications standards commissio, digital asset exchange alliance, app store restrictions, crypto fees, finance, markets, South, Korea
- Source: BigGo Finance — https://finance.biggo.com/news/fa3d857e-5537-41f4-8c4d-a04362ecd425
- Author: BigGo Finance
- Published: 2026-10-13T18:05:18+00:00
- Read time: 1 min
- Topics: south korea, financial intelligence unit, crypto exchanges, unregistered platforms, korea communications standards commissio, digital asset exchange alliance, app store restrictions, crypto fees, finance, markets
## South Korea Orders Domestic Block
South Korea's Financial Intelligence Unit ordered domestic internet access restrictions on 27 unregistered overseas cryptocurrency exchange websites on October 13.
## Korea Communications Standards Commission Approval
The Korea Communications Standards Commission approved the blocks after reviews on October 6 and 7.
## Extension to Web Access
The action extends earlier app store restrictions to web access, with overseas-hosted sites facing domestic blocks and domestic servers facing service termination.
## Penalties for Unregistered Operations
Unregistered operations carry penalties of up to five years in prison or a 50 million won fine.
## 44 Operators Referred
The FIU has referred 44 operators to investigators and plans to monitor replacement domains.
## Fee Comparison
A June investigation found affected exchanges charged fees of 1.5% to 10%, compared with 0.16% at major domestic platforms.
## Withdrawal Guidance
Regulators will coordinate withdrawal guidance through the Digital Asset eXchange Alliance.
## What Comes Next
Authorities expect some blocked platforms to attempt workarounds, with regulators monitoring for replacement domains and alternative websites.
## Key takeaway

South Korea ordered domestic internet access blocks on 27 unregistered overseas cryptocurrency exchange websites to prevent financial risks.