Cryptocurrency exchanges may face a ban in South Korea following an update to Google Play's rules. The updated policy will require cryptocurrency applications to provide proof of acceptance of registration from the Financial Intelligence Unit (FIU). This development is expected to create compliance challenges, particularly for offshore exchanges that cater to South Korean users. The new requirements aim to increase regulatory oversight within the cryptocurrency sector in South Korea.

Cryptocurrency exchanges may face a ban in South Korea following an update to Google Play's rules. The updated policy will require cryptocurrency applications to provide proof of acceptance of registration from the Financial Intelligence Unit (FIU). This development is expected to create compliance challenges, particularly for offshore exchanges that cater to South Korean users. The new requirements aim to increase regulatory oversight within the cryptocurrency sector in South Korea.