Crypto exchanges may be banned in South Korea following Google Play policy changes

Google’s updated policy demands crypto exchange and wallet apps in South Korea to provide valid FIU registration proof to remain on the platform by January 28, 2026. This raises compliance hurdles for offshore exchanges.

Offshore exchanges, notably Binance and OKX, may face challenges due to the lack of local registrations. This shift reflects Google’s broader initiative to align crypto services with local financial regulations globally.