Upbit Exchange Faces South Korean Regulatory Clampdown
Summary
Suspension Imposed: South Korea has partially suspended crypto exchange Upbit for three months due to compliance failures.
KYC and AML Lapses: The suspension is a result of…
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Upbit
South Korean Tax Service Is Investigating Upbit and Small Coin Issuers
According to reports, the body that handles matters relating to "overseas tax evasion" is also investigating the market-leading cryptocurrency exchange.
Summary
• The South Korean National…
Upbit risks an anti-money laundering suspension and penalties
Upbit is at risk of suspension and penalties as a result of AML and KYC violations.
Maeil Business Newspaper reported on Jan. 16 that Upbit, the leading cryptocurrency trading platform in…
Adoption of Crypto is Highest in Asia, with 60% of users worldwide
The 2024 Global Crypto Adoption Index has five Asian countries in the top 10, with Indonesia and India leading the pack.
Foresight Ventures, a venture capital company that focuses on…
South Korea’s Upbit Exchange distributes 8.5 billion won to victims of a crypto fraud
Upbit reimbursed 380 victims of cryptocurrency forgeries 8.5 billion won through the use of sophisticated fraud detection and collaboration with the South Korean police.
Upbit, South…
The South Korean Crypto Exchange, Upbit, Reveals Binance’s Listing of This Launchpool Project
Trading pairs for the Korean won (KRW) and Bitcoin (BTC) have been added to the Binance Launchpool initiative on Upbit.
Upbit, the biggest cryptocurrency exchange in South Korea, has…
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