At least 29 overseas cryptocurrency derivatives exchange apps, in addition to OKX and Bybit, can no longer be newly installed from Google Play in South Korea, according to a report cited by PANews from Digital Asset. The affected apps include MEXC, KuCoin, BingX, Gemini, BTCC, Phemex, and Bitmex. In Play Store search results, these apps are shown as unavailable or marked with notices such as “not available in your region of residence.” Of the 29 apps, 14 had previously been identified by South Korea’s Financial Intelligence Unit, or FIU, as unreported virtual asset service providers and referred to law enforcement agencies. Another 15 had not been referred, but were still blocked by Google Play. The report said Google has, since January this year, suspended regional support for apps operated by virtual asset service providers that are not registered with the FIU under its own policies. The Play Store restrictions do not affect access to those exchanges through web browsers or installation via Apple’s App Store.
At least 29 overseas cryptocurrency derivatives exchange apps, in addition to OKX and Bybit, are no longer available for new installation from Google Play in South Korea, according to a Digital Asset report cited by PANews.
The affected apps include MEXC, KuCoin, BingX, Gemini, BTCC, Phemex, and Bitmex. When users search for them on Google Play in South Korea, the listings show notices such as unavailable or “not available in your region of residence,” the report said.
Fourteen were previously identified as unreported VASPs
Among the 29 apps, 14 had previously been designated by South Korea’s Financial Intelligence Unit, or FIU, as unreported virtual asset service providers, or VASPs, and were referred to law enforcement agencies. Another 15 had not been referred, but were still blocked on Google Play.
Google began regional support suspension in January
The report said Google has suspended regional support since January this year for apps operated by virtual asset service providers that are not registered with the FIU, based on its own policies.
The removal from Google Play does not affect access to the exchanges through their web versions or installation through Apple’s App Store.
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