Paycoin to discontinue wallet services in South Korea next year

In a recent Medium blog post, crypto payment platform Paycoin (PCI) announced that it will not renew its virtual asset service provider (VASP) license in South Korea, which expires in April 2025. Consequently, Paycoin will discontinue wallet functionalities in its app effective 18:00 KST on April 21, 2025. This includes the creation of wallets, as well as the ability to store and transfer cryptocurrencies.