Upbit Faces Suspension in South Korea

Upbit Faces Suspension in South Korea

According to reports, Upbit, the biggest cryptocurrency exchange in South Korea, has been fined by the Financial Intelligence Unit (FIU) for allegedly breaking anti-money laundering (AML) laws, namely failing to comply with know-your-customer (KYC) standards. According to the Maeil corporate Newspaper, the punishment was revealed on January 9 and calls for Upbit to suspend specific corporate operations while additional investigation is conducte...

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