TechFlow news, November 25: According to CoinDesk, South Korea's Financial Intelligence Unit (FIU) has fined Upbit operator Dunamu $25 million and suspended new customer registrations for three months. Regulators found approximately 5.3 million instances of customer verification violations on the exchange and failure to report 15 suspicious transactions. Dunamu is considering an appeal, citing past cases where FIU rulings were overturned by courts. Meanwhile, the FIU also conducted compliance checks on other South Korean exchanges including Bithumb, Coinone, Korbit, and GOPAX, identifying multiple violations. Upbit has pledged to strengthen investor protection measures to ensure a secure trading environment for its customers.
Add to Favorites
Share to Social Media
