South Korea’s FIU Set to Impose Sanctions on Crypto Exchanges

South Korea’s Financial Intelligence Unit (FIU) is preparing to impose further sanctions on domestic cryptocurrency exchanges, following its landmark penalties against Dunamu, the operator of Upbit. The FIU will enforce similar penalties on Korbit, Gopax, Bithumb, and Coinone, mirroring the actions taken against Dunamu. Sources reveal that these exchanges are facing disciplinary action for alleged violations of AML regulations and KYC requirements. ]