South Korean authorities may suspend Upbit for up to six months over alleged KYC and anti-money laundering violations. Investigations into Upbit include monopolistic practices and a 2019 theft of ...

Upbit, South Korea’s largest cryptocurrency exchange, is facing potential regulatory sanctions for alleged Know Your Customer (KYC) violations. The Financial Intelligence Unit (FIU) of South ...

Upbit may face penalties for alleged South Korean financial regulation violations. Upbit, South Korea’s largest crypto exchange, may face sanctions from the nation’s Financial Services Commission for ...

South Korea’s Financial Services Commission (FSC) has issued a suspension notice to Upbit, the country’s largest crypto exchange. Authorities propose a six-month suspension on new user ...

If confirmed, the suspension will prevent Upbit from accepting new customers for up to six months. The suspension also comes as Upbit's business license, renewed in October 2024, is under review ...

South Korea’s FIU issued a notice to Upbit for KYC and AML violations, with potential sanctions, including a six-month suspension and fines of up to 35.8B won. Upbit faces scrutiny for 700,000 KYC ...

South Korea’s FSC flagged 700,000 violations, leading to a temporary suspension of user onboarding. Upbit, controlling 70% of the market, risks investor confidence and business license renewal amid ...

South Korea’s regulator is about to suspend Upbit’s operations, citing the exchange’s failure to properly implement KYC processes. The report reads that the FIU issued a notice to Upbit on Jan. 9, ...

South Korea’s financial regulator has ordered Upbit to suspend operations as a penalty for alleged violations of AML policies. The exchange has until next Monday to submit its opinion on the penalty ...

Crypto exchange Upbit may face possible sanctions in South Korea for not complying with the country's money laundering and know your customer (KYC) obligations, according to a report from local ...

Upbit, one of the largest cryptocurrency exchanges in South Korea, has reportedly received a suspension notice for alleged Know Your Customer (KYC) violations. The Financial Intelligence Unit (FIU ...