Google Play will require FIU VASP registration proof for crypto apps in Korea starting Jan. 28.
Offshore exchanges like Binance and OKX could face app download restrictions without local clearance.
The enforcement contrasts with South Korea’s progress on tokenized securities regulation.
Google is rolling out stricter crypto app requirements in South Korea, a change that could sharply limit access to offshore exchanges by linking app availability to local regulatory approval. The update raises compliance pressure on foreign platforms that serve Korean users without completing the country’s formal registration process.
According to South Korean media outlet News1, starting Jan. 28, crypto exchange and wallet apps listed on Google Play in South Korea must upload documentation proving that their Virtual Asset Service Provider (VASP) registration with the country’s Financial Intelligence Unit (FIU) has been accepted. Google will require developers to submit the proof t
We współpracy z: https://thenewscrypto.com/google-play-tightens-korea-rules-offshore-crypto-apps-face-block/
