South Korea’s Financial Intelligence Unit (FIU) has imposed a three-month pause on new customer deposits and withdrawals for the country’s largest cryptocurrency exchange, Upbit. The decision stems from […]
Upbit Faces Three-Month Suspension of New User Transfers Due to Regulatory Violations
South Korean crypto exchange Upbit has been temporarily restricted from accepting new user transfers for the next three months following violations of local financial regulations. The Financial Services […]
South Korea Bans New Upbit Customers, Targeting Money Laundering Risks
The South Korean Financial Intelligence Unit (FIU) has imposed a three-month ban on new cryptocurrency deposits and withdrawals for Upbit customers. The move aims to prevent money laundering […]
South Korea’s Upbit Suspended for 3 Months: Regulatory Action Highlights Crypto Landscape Shifts
Crypto users in South Korea are facing a significant development as the Financial Intelligence Unit (FIU) of the country’s Financial Services Commission (FSC) has imposed a three-month suspension […]
Upbit Faces 3-Month Business Freeze: Why South Korea’s Crypto Giant is Shut Down
South Korea’s largest cryptocurrency exchange, Upbit, has been penalized with a three-month partial business suspension by the country’s Financial Intelligence Unit (FIU). This action prohibits new customer account […]
Lee Jae-myung to Join STO Policy Forum, Driving Regulatory Clarity in South Korea’s Finance Sector
South Korea’s Democratic Party leader, Lee Jae-myung, will be attending a policy forum on Security Token Offerings (STO) hosted by the party on August 28th. This forum seeks […]
Upbit Suffers Three-Month Suspension as South Korea Enforces Regulatory Measures
South Korean cryptocurrency exchange Upbit has been temporarily restricted from onboarding new clients, facing a three-month ban on customer transactions imposed by the country’s Financial Intelligence Unit (FIU). […]