Foresight News|Jan 15, 2026 11:01
[South Korea FIU to Restrict Unregistered Overseas Crypto Exchanges and Wallets on Google Play Starting January 28]
Foresight News reports, according to News1, the South Korean Financial Intelligence Unit (FIU) announced that overseas cryptocurrency exchanges and software wallets that have not completed virtual asset service provider registration with the FIU will be prohibited from being listed on Google Play in South Korea starting January 28. Since obtaining such qualifications for overseas exchanges requires a lengthy process, major exchanges like Binance and OKX are expected to be unable to list their apps on Google Play in South Korea.
The registration acceptance requirements include having an anti-money laundering (AML) system and obtaining the Information Security Management System (ISMS) certification issued by the Korea Internet & Security Agency (KISA). Google stated that developers must upload the "registration acceptance completion" document when registering their apps. If an app does not comply with the policy, it will be blocked in South Korea starting January 28, preventing new users from installing it, and existing users may face usage issues due to the inability to update. Additionally, Google has updated similar policies in countries and regions such as the United States, the European Union, and Japan, allowing only businesses that have completed formal registration with local financial authorities to submit apps on Google Play.
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