2026-01-16 12:20:59

Google Play Store's new mandate takes effect January 28th in South Korea, requiring all crypto applications to register as VASPs (Virtual Asset Service Providers) with local authorities. This regulatory shift will effectively lock out most overseas exchanges from Android devices in the market, since international firms face nearly insurmountable compliance obstacles to meet the registration standards. The policy marks a significant tightening of Korea's crypto app distribution landscape.

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SnapshotDayLaborer

· 1h ago

South Korea is really fierce this time, directly freezing overseas exchanges.

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AirdropHunterXM

· 6h ago

Korea's move is clearly an attempt to drive away overseas exchanges. Local exchanges are laughing to death.

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Token_Sherpa

· 6h ago

korea pulling the classic regulatory gatekeeping move... tbh saw this coming from miles away. VASP registration requirements are basically their way of saying "if you can't navigate our bureaucratic maze, you don't get shelf space" lol

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BlockchainTherapist

· 6h ago

Korea is starting to play again, now changing the strategy for overseas trading income.

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ser_ngmi