What has happened in Crypto? 🇰🇷

South Korea plans to block unlicensed cryptocurrency exchanges. South Korea's financial regulator announced plans to block access to the websites of cryptocurrency exchanges KuCoin, BitMEX, CoinW, Bitunix, and KCEX.

The measure is due to these platforms operating without the required Virtual Asset Service Provider (VASP) license in the country. South Korean authorities are seeking to strengthen regulation of the cryptocurrency market and protect investors from potential risks associated with unregulated platforms.