South Korea Crypto Exchange FAQ (FIU, FSC)

Short answers on which crypto exchanges are registered in South Korea, which are not, and what the law requires.

Which crypto exchanges are registered in South Korea?

28 virtual asset service providers are on the FIU's list of reported businesses in South Korea (as of 30 Sep 2026), including Upbit, Bithumb, Coinone, GOPAX and Crypto.com. Full list.

Is Binance registered in South Korea?

Binance is not on the FIU list of reported businesses (30 Sep 2026) and not on the FSC's list of 40 unregistered operators reported to investigators.

Is KuCoin legal in South Korea?

KuCoin is on the FSC's list of unregistered operators reported to investigative agencies (reported on 17 August 2022).

Is Korbit still on the FIU list?

The FSC's list of 24 June 2026 included 코빗 (Korbit). The FIU list as of 30 Sep 2026 does not contain that name.

Is FIU registration a licence?

It is a report (신고) under anti-money-laundering law that the FIU accepts. It does not mean a business is safe. Reports expire unless renewed.

What happens to an exchange whose registration expired?

The FIU says operators that did not renew remain service providers under the Virtual Asset User Protection Act until users' assets have been transferred or returned.

When did the Virtual Asset User Protection Act take effect?

On 19 Jul 2024, according to the FSC.