Undeclared overseas coin apps cannot be used... Apple blocks access following Google

Following Google, Apple has also blocked a foreign cryptocurrency exchange app that had been operating in South Korea without filing a tax return.
According to the Financial Intelligence Unit (FIU) on the 14th, Apple suspended KuCoin from the 11th at the request of the FIU.
The government has blocked access to and use of apps from 14 undeclared overseas virtual currency operators, including Yahoo! Inc. and MEXC, in domestic app stores. Prior to this, Google Play Store had also blocked access to and use of apps from 2019-2020
As a result, it is no longer possible to install the blocked apps, and existing users can no longer receive updates.
According to current law, foreign cryptocurrency businesses that wish to operate in Korea must report to the FIU. Violation of this rule is punishable by up to five years in prison or a fine of 50 million won (
The FIU said, "If undeclared businesses that do not comply with domestic legal procedures are allowed to operate, it will increase the risk of money laundering and the risk of fraud for customers.
"We will continue to cooperate with relevant agencies to continue to block mobile apps and websites," the FIU said.
The FIU also urges users of virtual currency transactions to be extra cautious. The FIU website lists domestic and foreign virtual currency operators that have completed their declarations and lists those currently in the process of trading.
The FIU said, "Users can directly check whether the virtual currency business they are transacting with is a declared business and whether it is an undeclared business."
In such cases, we recommend that they take voluntary measures, such as withdrawing their assets."