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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... Coinatory cryptocurrencies news

Cryptocurrencies have gone beyond being used as a medium of exchange, and to transfer funds from one location to another at a fast rate. Lately, some cryptocurrencies have been developed to serve different purposes other than what it is known for, like Siacoin which was created to help the ever-evolving information industry. Siacoin has gained value with increasing popularity among cryptocurrencies. The crypto uses cloud storage option - storing virtual data in logical pools while physical storage spreads across several servers with the ... Read more about " SiaCoin (SC) - A Decentralized Cloud Storage Network " on coinatory.com