TechFlow news, according to Decenter citing sources, the Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission (FSC) has recommended the dismissal of Delio CEO Jung Sang-ho (translated) through a sanction announcement. Previously, the FIU had also imposed a three-month suspension on Delio and levied an 1.896 billion Korean won fine.
Delio is preparing to file an administrative lawsuit over this. Delio CEO Jung Sang-ho stated that the financial intelligence agency's sanctions leave significant room for unreasonable legal interpretation and arbitrary application, and such actions by financial authorities could stifle the domestic virtual asset industry.
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