Catenaa, Wednesday, January 21, 2026-Google Play will block unregistered overseas cryptocurrency exchanges and software wallets from South Korea’s app store starting January 28, tightening enforcement of the country’s digital asset rules, according to news reports.

Under updated Google policy, crypto exchanges and wallet providers must register as virtual asset service providers with the Korea Financial Intelligence Unit to remain listed or receive app updates.

Android users in South Korea will be unable to download or update apps from overseas platforms that lack approval.

Only 27 domestic crypto platforms, including Upbit and Bithumb, have completed registration with the FIU.

Major global exchanges such as Binance, Bybit and OKX have not registered, leaving their apps unavailable for new installations or updates on Google Play in the country.

South Korean authorities require strict security standards and anti-money laundering certifications for registration, a process widely seen as difficult for foreign operators.

Regulators have already barred unregistered platforms from offering Korean-language services, marketing to local users or supporting transactions in the won.

Web-based access to overseas exchanges remains available through desktop and mobile browsers, allowing users to continue trading without native apps.

Regulators have not announced plans to restrict browser access, though officials have previously signaled broader enforcement across digital platforms.

Local media reported the move could affect global exchanges heavily, as many South Korean retail investors use offshore platforms for higher leverage, arbitrage trades and access to a wider range of tokens.

Reports also noted online discussions of bypass methods, such as VPNs or manual app installations, which carry elevated security risks.

South Korea has one of the world’s most active crypto markets, with more than 10 million users.

Government data showed market capitalization at 95 trillion won, or $64.6 billion, as of June 2025.