Unregistered exchange KCEX circumvents South Korean ban via iOS App Store

Despite strengthened regulations against unregistered virtual asset service providers, numerous overseas crypto exchanges are continuing to circumvent the rules to access the South Korean market, Edaily reported. According to industry sources on April 22, the overseas exchange KCEX, which was flagged for unregistered business activities last August, remains available for download on the country's iOS App Store. This situation highlights the limitations of blocking measures implemented by South Korean financial authorities and investigative agencies, making effective control difficult.