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Seychelles-based cryptocurrency exchange
KuCoin is a Seychelles-based cryptocurrency exchange. It was founded in China in 2017, but was later moved to Singapore following the Chinese government's restrictions on cryptocurrency companies, and eventually to the Seychelles.
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A Korean media regulator's ruling extends the crackdown on unregistered operators from app stores to websites, and the FIU says future blocks will not wait for victim reports or court rulings.
South Korea disclosed blocking decisions for 27 crypto websites, including KuCoin and MEXC, while FIU plans withdrawal guidance through DAXA.
KuCoin Token (KCS) fell 5.25% as South Korea blocked KuCoin access, highlighting regulatory risks. Mixed compliance news and a slightly up market context the move.