Google recently made a major move—starting from January 28th, the Korean Google Play Store will launch the "Crypto App Compliance Review." In simple terms, all businesses involved in crypto trading must provide official registration proof with Korean financial intelligence agencies; otherwise, your app will be removed.

This is a significant impact. Trading platforms with a sizable user base in Korea that haven't completed local compliance registration will disappear from the store once the deadline arrives. When Korean users want to use the app? Sorry, they can only use the web version or find third-party channels. This will definitely be a heavy blow to these platforms' daily active users and new user acquisition in Korea.

The underlying logic is quite clear—Korea has been tightening regulations on virtual asset service providers over the past few years, and Google's follow-up policy indicates that tech giants and regulators have already reached a tacit understanding. Even more painfully, Apple’s App Store is likely to follow suit. Once both giants act, the survival space for overseas platforms in Korea will be greatly squeezed.

So for those platforms still on the fence, time is really running out. If you want to maintain a presence in the Korean market, you need to accelerate your compliance process now, or you'll just face being taken down.