Market Cap: $2.7169T 0.160%
Volume(24h): $71.5916B -1.670%
  • Market Cap: $2.7169T 0.160%
  • Volume(24h): $71.5916B -1.670%
  • Fear & Greed Index:
  • Market Cap: $2.7169T 0.160%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82992.240739 USD

-0.74%

ethereum
ethereum

$1905.557390 USD

-0.09%

tether
tether

$1.000184 USD

0.02%

xrp
xrp

$2.288240 USD

-2.48%

bnb
bnb

$639.836036 USD

0.18%

solana
solana

$125.371788 USD

-2.70%

usd-coin
usd-coin

$1.000156 USD

0.01%

cardano
cardano

$0.709189 USD

-2.10%

dogecoin
dogecoin

$0.168054 USD

-3.39%

tron
tron

$0.225003 USD

5.02%

chainlink
chainlink

$14.178727 USD

2.78%

unus-sed-leo
unus-sed-leo

$9.821699 USD

-0.06%

toncoin
toncoin

$3.542072 USD

3.56%

stellar
stellar

$0.270845 USD

-0.96%

hedera
hedera

$0.188253 USD

-1.44%

Cryptocurrency News Articles

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

Jan 16, 2025 at 09:04 pm

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

South Korean crypto exchange Upbit may face sanctions for failing to comply with the country’s money laundering and know your customer (KYC) obligations, a report says.

According to a report by local news site Maeil on Monday, the sanctions were notified to Upbit by the Financial Information Analysis Institute (FIU) under the Financial Services Commission last week.

If the decision is confirmed, Upbit could be barred from new customer related business for up to six months.

“The decision would essentially restrict new customers from transferring virtual assets outside the exchange for a certain period of time,” Upbit told Maeil.

CoinDesk reached out to Upbit and the Financial Services Commission for comment.

The exchange will submit an opinion regarding the sanctions to Upbit to the FIU by the 20th, and the FIU will then review the sanctions.

Earlier this year, South Korean authorities vowed to scrutinize exchanges more closely following the collapse of stablecoin issuer Terra, which brought renewed attention to the regulatory oversight of crypto exchanges.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 19, 2025