TechFlow News, April 9: According to DigitalAsset, a South Korean court ruled on April 9 in an administrative lawsuit filed by Dunamu (the operator of Upbit) against the Financial Intelligence Unit (FIU), finding in favor of Dunamu and revoking the FIU’s three-month partial business suspension order. The court held that, in the absence of specific implementation guidelines from regulators, Dunamu had already taken certain measures—including requesting written commitments from customers and conducting internal monitoring.
Although the court acknowledged that whether these measures were sufficient to block transactions with unregistered operators remains debatable, it found that Dunamu had fulfilled its reasonable obligations given the lack of clear regulatory guidance. Previously, the FIU had imposed the three-month partial business suspension on Upbit due to deficiencies in its controls over transactions with unregistered operators.
