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Korean regulators have suspended Upbit's business, and existing user transactions can still proceed normally

On January 16, it was reported that Upbit, the largest cryptocurrency trading platform in South Korea, received a notice of business suspension from the financial regulator for violating the customer confirmation system (KYC) and failing to fulfill its anti-money laundering obligations. According to the news from the financial industry on the 16th, the Financial Intelligence Analysis Unit (FIU) of the Financial Commission issued a pre-notice to Upbit on the 9th of this month on the content of sa...

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2025-01-16 08:58:44
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