Google Play Korea Region New Regulations: Overseas Exchanges Face Delisting Threat Starting January 28

RumbleValidator · 2026-01-16T08:38:13+00:00

Starting from January 16, the Korea Google Play App Store requires all overseas crypto trading platforms and wallet applications that are not registered locally to be taken down. They must register with the Korea Financial Intelligence Unit (FIU) to continue operating. This has resulted in many users being unable to update or download related apps through official channels. While web access remains possible, it significantly impacts retail users who prefer using mobile devices. This policy reflects the strengthening of virtual asset regulation in various countries.

RumbleValidator

2026-01-16 08:38:13

Abstract generation in progress

【Blockchain Rhythm】South Korea's Google Play app store now requires an upgrade. Starting from January 16, all overseas crypto trading platforms and wallet apps that are not registered locally must be taken down, including updates. What does this mean? Simply put — crypto trading platforms and wallet services must register with South Korea's Financial Intelligence Unit (FIU) as virtual asset service providers to continue operating in the app store.

The impact came quickly. Starting January 28, Korean Android users will lose the opportunity to download or update certain top trading exchange apps, well-known spot platforms, or other overseas applications through official channels. Currently, only 27 domestic platforms have completed registration, including local leaders like Upbit and Bithumb; most others have basically halted.

But there's a caveat — web access is still available, so claims that the apps are completely unusable are an overstatement. However, for retail investors accustomed to mobile apps, especially those engaging in high-leverage trading or arbitrage, it is indeed quite frustrating. Some have started considering VPNs or APKs to bypass restrictions, but frankly, such operations carry significant risks and can easily lead to pitfalls. Essentially, this policy is pushing Korean investors toward compliant platforms and also reflects the increasing regulatory scrutiny on virtual assets worldwide.

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orphaned_block

· 13h ago

Korea's move is really aggressive, but to be honest, it's just policy tightening, a matter of time.

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ChainComedian

· 13h ago

Oops, Korea is getting serious again. Now overseas exchanges are in trouble. The web version still works, actually the problem isn't that big, just a bit of hassle. 27 companies completed registration? That's really impressive efficiency. It seems the road to compliance is still long.

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OfflineValidator

· 13h ago

Korea is building walls here. Overseas exchanges are being pushed out one after another, leaving only 27 local ones to play, and the monopolistic smell is too strong.

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CryptoTherapist