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South Korea pump coming? South Korea temporarily lifts Upbits ban on serving new clients.

Google Play Store in South Korea has blocked 17 foreign Virtual Asset Service Providers (VASPs) apps, including those of KuCoin and MEXC, from being accessible to users within the country. This action comes as a consequence of these exchanges failing to register with the Financial Intelligence Unit (FIU), which is a branch of South Korea’s Financial Services Commission (FSC), as mandated by local law. Related: South Korea to Release Institutional Crypto Investment Guidelines in Q3 2025 Google Play Store’s action signals South Korea’s increasing regulatory efforts within the cryptocurrency industry. According to a statement issued by the FSC, this action was taken at the specific request of the FIU, which is responsible for overseeing compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations for financial services operating within the country. Foreign VASPs are legally required to register with the FIU in order to operate within South Korea. This registration process ensures that these platforms adhere to the necessary regulations, which are designed to protect the integrity and reliability of the country’s financial system. For foreign exchanges such as KuCoin and MEXC, operating in South Korea without obtaining this mandatory registration has now led to tangible consequences. The inability for users to download or update these apps through the Google Play Store will directly affect those who previously relied on these platforms for trading digital assets. The ban on unregistered foreign VASP apps is expected to limit access for cryptocurrency traders based in South Korea. While users who had already downloaded the apps before the ban may still retain some functionality, they will no longer be able to receive updates to the applications. New users, however, are completely blocked from installing these apps from the Google Play Store. Related: Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action However, some concerns have been raised about whether such strict measures could drive investors and companies away from South Korea. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. President Donald Trump signed an executive order on March 25 at the White House mandating a government-wide shift to digital payments, ending nearly all paper-based disbursements by the close of Fiscal Year 2025. The order targets inefficiencies in the current system, citing rising costs, fraud, and delivery delays associated with physical checks and money orders. “Historically, Department of the Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer (EFT),” the order stated. Processing physical records cost taxpayers more than $657 million in Fiscal Year 2024 alone. According to the executive order’s fact sheet: The Order mandates that, effective September 30, 2025, the federal government will cease issuing paper checks for all disbursements, including intragovernmental payments, benefits, vendor payments, and tax refunds. The order further states: “All executive departments and agencies must transition to modern, electronic funds transfer (EFT) methods like direct deposit, debit/credit card payments, digital wallets, and real-time transfers.” Agencies are instructed to enroll recipients in digital systems and reduce reliance on the Treasury’s lockbox services. Certain exemptions will remain for individuals without access to banking, national security purposes, or emergency situations. Alternative payment methods will be provided for those who qualify. A nationwide awareness campaign is planned to educate payment recipients on digital transition procedures. Agencies must submit compliance plans within 90 days, and the Treasury Department is required to report back to the President within 180 days outlining implementation progress. As a safeguard against public concern over digital currency policy, the order also makes clear: This Executive Order does not establish a central bank digital currency (CBDC). In January, President Trump signed an executive order barring federal agencies from developing or promoting central bank digital currencies. The order also rescinded previous efforts to explore digital asset regulations and the creation of a digital dollar. It created a working group to propose a federal regulatory framework for digital assets within 180 days. Several bills to ban CBDCs have also been introduced in Congress and state legislatures. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

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Does @KaitoAI have a shadow ban issue? Feels like I'm shouting into the void sometimes. Ever since the TGE, the yaps have been kinda MIA. Like, weeks can go by with nothing, then suddenly a few appear out of nowhere. So random. 🤷‍♂️ Honestly, trying to figure out what Kaito