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Apple has removed 14 cryptocurrency apps in South Korea following a request from the country’s Financial Intelligence Unit (FIU). The banned apps include major exchanges like KuCoin and MEXC, accused of unreported business activities.
- South Korea's FIU requested Apple to delist 14 crypto apps, including KuCoin and MEXC, for unreported business activities.
- Over 16 million South Koreans have accounts on domestic crypto exchanges, reflecting growing adoption.
- A 2025 pilot program will permit corporate crypto transactions, reversing a ban in place since 2017.
📎 Related coverage from: dailyhodl.com
Other Tags: KuCoin, Apple Inc., Bithumb, Coinone, Financial Intelligence Unit (FIU), Financial Services Commission, Gopax, Korbit, MEXC, Upbit