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by: xpoolPosted on: May 31, 2025

Upbit Temporarily Halts User Deposits, Facing Regulatory Pushback

South Korea’s largest crypto exchange, Upbit, has imposed restrictions on new user deposits and withdrawals effective March 7th to June 6th, 2025. This measure is a direct result of the implementation of the Virtual Asset User Protection Act as part of compliance efforts.

Related posts:

  1. KuCoin Eyes Return to South Korea Market After Regulatory Challenges
  2. STMX Designated as Closely Monitored Asset on Upbit & Bithumb, Impact for Traders
  3. Dunamu Under Regulatory Pressure, Announces Compliance Overhaul
  4. South Korea Opens Doors for Institutional Crypto Sales
Cryptocurrency Regulation South Korea

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