Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.

South Korea's second-largest cryptocurrency exchange platform remains committed to supporting CEO Lee Jae-won's reelection, despite the platform facing controversy over a Bitcoin misdisbursement incident and regulatory penalties. Despite major flaws being exposed, the exchange has chosen to maintain operational stability rather than pursue management restructuring.

South Korea's financial intelligence unit imposed a 6-month partial shutdown and a 368 billion won fine on a certain CEX for violating anti-money laundering obligations. The inspection found numerous regulatory violations and customer identification issues. During this period, existing user transactions were not affected, but virtual asset transfers for new users were restricted.

The Korea Financial Intelligence Unit has imposed sanctions on a certain cryptocurrency exchange for allowing users to transfer funds to unregistered overseas platforms and failing to implement KYC procedures, potentially facing a 6-month suspension of new customer services. The exchange previously lost $40 billion worth of Bitcoin due to operational errors and is now also under investigation for advertising regulation violations.

Gate News Announcement: On March 9, the Financial Intelligence Unit (FIU) of South Korea issued a preliminary notice to a certain CEX for suspected violations of the "Specific Financial Transaction Information Act," engaging in transactions with unreported overseas virtual asset service providers, and inadequate KYC procedures. The exchange has been temporarily suspended for "6 months with partial operation." Responsible personnel will be held accountable. This restriction mainly affects the virtual asset withdrawal function for new users. Existing users' KRW and crypto asset deposits, withdrawals, and trading are temporarily unaffected.

The Indian Ministry of Finance's Financial Intelligence Unit (FIU) has demanded that domestic cryptocurrency exchanges cease offering anonymous enhanced crypto tokens, considering them unacceptable assets. The FIU warns that using mixing tools may make fund tracing difficult and has requested the collection of relevant data to assess transfer limits.

January 16 News, Korea's Google Play Store is about to implement new compliance policies for crypto assets. Overseas cryptocurrency exchanges and related software wallets that are not registered within Korea's regulatory system will be prohibited from listing or updating applications in Korea. This move is seen as an important signal of Korea's continued tightening of digital asset regulation. According to the latest policies announced by Google regarding cryptocurrency exchanges and wallet services, all platforms wishing to offer download and update services in Korea must first complete Virtual Asset Service Provider (VASP) registration with the Korea Financial Intelligence Unit (FIU). Overseas crypto platforms that do not meet compliance requirements will have their applications removed from the Korea Google Play Store starting January 28, and Android users will be unable to perform new installations or version upgrades.

India is further strengthening its regulation of the cryptocurrency industry. According to disclosures from the Indian Press Trust, the Indian Financial Intelligence Unit (FIU) issued updated guidelines on January 8, 2026, requiring all cryptocurrency platforms operating locally to implement stricter identity verification and compliance checks, with a focus on combating money laundering and terrorist financing activities. The new regulations require platforms to introduce real-time selfie verification during user registration. Users must prove their real identity through dynamic actions such as blinking, while the system must simultaneously record geographic location, date, time, and IP address to prevent identity forgery and cross-border abuse. In addition to the Permanent Account Number (PAN), platforms are also required to collect official documents such as passports, driver's licenses, Aadhaar cards, or voter IDs, and verify mobile numbers and email addresses through one-time passwords.

India's financial intelligence agency issues new regulations requiring cryptocurrency platforms to implement stricter identity verification during user registration, including real-time selfies and geolocation confirmation. Additionally, platforms must collect users' IP addresses and timestamps, and require submission of photo ID proofs.