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Tony Chung
@jayc_BM
Head of BD of @with_blockmedia Korean Crypto Institution, Regulation
加入 May 2024
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OKX's app just disappeared from Korean Google Play, unsearchable and unable to be installed as of July 24. Binance and Bitget remain fully accessible on the same store. This comes about two weeks after Bybit had the same thing happen on July 10. Context on why: back in January, FIU formally classified unregistered foreign VASPs under Korea's financial information act, and Google Play set a policy to restrict downloads and updates for flagged exchange apps accordingly. But actual enforcement never materialized when the policy was supposed to take effect, exchanges kept working fine on Google Play through the rest of January and beyond. Now it's actually happening, just picking off exchanges one at a time rather than all at once. Bybit first, OKX two weeks later, Binance and Bitget still untouched for now. Worth noting OKX is still fully accessible via web and remains on the Apple App Store, so this is a Google Play-specific enforcement action, not a full block.
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