South Korea Orders Blockade of 27 Unregistered Crypto Exchanges
South Korea's Financial Intelligence Unit has initiated a crackdown on 27 unregistered crypto exchanges, including major platforms like KuCoin and MEXC.
South Korea's Financial Intelligence Unit has initiated a crackdown on 27 unregistered crypto exchanges, including major platforms like KuCoin and MEXC. KuCoin (KCS) is trading at $7.79, down 0.5% since this brief published. This is an original Token Times brief synthesising 2 outlets (BeInCrypto, Live Bitcoin News), plus live market data, as of Tue, 13 Oct 2026 07:15:01 UTC.
This regulatory move aims to protect domestic investors by restricting access to unregistered exchanges, potentially shifting trading activity to compliant platforms within South Korea.
- South Korea blocks 27 unregistered crypto exchanges, including KuCoin and MEXC.
- Action follows FIU review and communications body approval on October 6-7.
- KCS token shows slight resilience despite exchange facing restrictions.
BeInCrypto reports that South Korea's Financial Intelligence Unit (FIU) has ordered the blocking of 27 unregistered crypto exchanges, including KuCoin, MEXC, Phemex, BingX, and BitMart. The move follows reviews conducted by the country's communications review body on October 6 and 7, with the blocks being approved thereafter. While the exact timeline for the implementation of these blocks is unclear, the action underscores the country's commitment to regulating its crypto market.
- South Korea Cracks Down on 27 Crypto Platforms, Including KuCoin
- South Korea Cracks Down on 27 Unregistered Crypto Exchanges
- South Korea Orders Blockade of 27 Unregistered Crypto Exchanges — this brief
South Korea has initiated a crackdown on unregistered crypto exchanges by ordering the blocking of 27 platforms, including major exchanges like 
KuCoin, MEXC, Phemex, BingX, and BitMart. The Financial Intelligence Unit (FIU) disclosed the order on October 13, following reviews by the country's communications review body on October 6 and 7.
The move is part of South Korea's broader effort to regulate its crypto market and protect domestic investors from potential risks associated with unregistered platforms. The exchanges targeted are primarily those hosted abroad, which the FIU deems non-compliant with local regulations.
While the exact timeline for the implementation of these blocks is not specified, the action is expected to restrict access to these platforms for South Korean users. This could potentially drive trading activity to registered and compliant exchanges within the country.
In the immediate market response, the KuCoin token (KCS) showed slight resilience, with a 0.78% increase in the last 24 hours and a 3.01% gain over the past week, despite the exchange facing regulatory scrutiny.
The broader crypto market remains relatively flat, with a total market cap of $2.88 trillion. 
Bitcoin is down 0.40% in the last 24 hours, and the overall market sentiment, as indicated by the Fear & Greed Index, is at 57, indicating 'Greed.'
Since this brief published about 2 hours ago, KuCoin (KCS) has moved from $7.83 to $7.79 — -0.51%.
The chart plots KCS's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 KCS ≈ ₹810.16 (about $7.79), up 0.2% over 24 hours. The rupee itself trades about 8.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
South Korea Orders Blockade of 27 Unregistered Crypto Exchan — questions & answers
Why is South Korea blocking these crypto exchanges?
To protect domestic investors by restricting access to unregistered and potentially risky platforms.
Which exchanges are affected by the blockade?
Major exchanges like KuCoin, MEXC, Phemex, BingX, and BitMart are among the 27 platforms being blocked.
How will this affect the KuCoin token (KCS)?
Despite the regulatory pressure, KCS has shown slight resilience with a 0.78% 24-hour gain.
How much is 1 KuCoin worth in rupee today?
About ₹810.16 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $7.79. The rupee price moves with both KCS's US-dollar price and the USDT/INR rate; use our KuCoin in rupee page for any amount.
Has KuCoin's price moved since this brief was published?
KCS is down 0.51% since this brief first published — trading at $7.79 now versus $7.83 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto, Live Bitcoin News, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.