You’ll Never Guess Why Apple Yanked Crypto Apps in South Korea 🤯

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Well now, it appears Apple’s gone and tossed 14 crypto apps outta South Korea faster than a cat with its tail on fire—all because some government folks knocked on the door and didn’t like what they smelled.

Seems South Korea’s Financial Intelligence Unit—imagine a bunch of serious folks in suits, worried sick over coinage that ain’t jingling in their own pockets—declared these apps guilty of “unreported business activities.” Which is fancy speak for not getting the regulator’s handshake.

Among the banished are big shots like KuCoin and MEXC. Why? Because apparently, “foreign asset operators” are about as welcome as a wasp at a picnic. Google Play, not to be outdone, kicked these same exchanges plus another caravan of crypto operators curbside last month. Seems digital cowboys can’t catch a break.

All this hullabaloo is popping at a time when everyone and their neighbor in South Korea is racing to dabble in crypto. According to the sages at Yonhap, a whopping 16.29 million souls have signed up on the likes of Upbit, Bithumb, Coinone, Korbit, and Gopax. Not bad for a country with 52 million folks—looks like if you swing a stick there you’ll hit at least three blockchain wallets 🎯.

Banks are scrambling too, eager to partner with the next lightning-in-a-bottle crypto firm. Regulations? Getting softer every day—so soft you’d think they were left in the sun too long.

Now here’s the rub: February saw the Financial Services Commission teasing a new pilot program—coming in the second half of 2025—that’ll let 3,500 corporate types buy crypto like it’s Black Friday. That’s a U-turn from their 2017 “no corporate crypto for you” policy. What do you bet some noses got out of joint when they realized everyone else was getting rich in digital gold?

Moral of the story? Sometimes progress means getting thrown off the app store—right before they let you back in for an encore. 🎩📱

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2025-04-16 20:03