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Apple Removes 14 Crypto Apps Amid South Korea's Surge

4/17/2025

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Summary

Story summary

In a significant move, Apple has pulled 14 crypto apps, including KuCoin and MEXC, from its platform in South Korea, responding to concerns from the Financial Intelligence Unit about unreported foreign activities. This decision comes as crypto adoption surges, with over 16 million South Koreans now holding accounts on major exchanges, and banks eager to collaborate with crypto companies.

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Story summary

In a significant move, Apple has pulled 14 crypto apps, including KuCoin and MEXC, from its platform in South Korea, responding to concerns from the Financial Intelligence Unit about unreported foreign activities. This decision comes as crypto adoption surges, with over 16 million South Koreans now holding accounts on major exchanges, and banks eager to collaborate with crypto companies.