South Korea's crypto market faces new compliance requirements as Google Play moves to enforce stricter app policies. The platform is preparing to block unregistered overseas crypto exchange applications and wallet apps unless they hold proper VASP (Virtual Asset Service Provider) registration credentials. This regulatory shift signals tightening oversight across the region's digital asset ecosystem. Users relying on non-compliant applications may face disrupted access, making formal registration status a critical factor for both platform operators and individual users. The enforcement aligns with Seoul's broader push toward regulated, safer cryptocurrency trading environments. Market participants should verify their service provider's registration status to ensure continued app availability on major distribution channels.
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GasFeeTherapist
· 5h ago
Ah, once again, policy tightening. This time, it's Google's turn...
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TokenToaster
· 5h ago
Here comes the app blocking again, Google Play is really ruthless this time
KYC is the trend, those who are compliant have already started
Korea is about to reshuffle again, right?
Huh, can I still use my wallet... I need to check quickly
Just VASP certification can keep you alive, those without certification will all die, that's how capital operates
I said it earlier, either comply or get out
Now small and medium traders are crying over their earnings
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PhantomMiner
· 5h ago
Huh? The app is lagging again... Google really outdid themselves this time, cutting off the way out directly.
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MetaMasked
· 5h ago
Here comes another wave of regulation. Korea really doesn't want people to feel comfortable.
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GasGoblin
· 5h ago
Oh no, Korea is really serious this time. Google Play has started cleaning up? How will those unregistered exchanges survive? Will they be taken down directly? Now I need to quickly check if my wallet has VASP certification, or it will be awkward if I suddenly can't use it...
South Korea's crypto market faces new compliance requirements as Google Play moves to enforce stricter app policies. The platform is preparing to block unregistered overseas crypto exchange applications and wallet apps unless they hold proper VASP (Virtual Asset Service Provider) registration credentials. This regulatory shift signals tightening oversight across the region's digital asset ecosystem. Users relying on non-compliant applications may face disrupted access, making formal registration status a critical factor for both platform operators and individual users. The enforcement aligns with Seoul's broader push toward regulated, safer cryptocurrency trading environments. Market participants should verify their service provider's registration status to ensure continued app availability on major distribution channels.