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TechFlow reports that South Korean cryptocurrency exchange Upbit has announced it can no longer process deposits and withdrawals exceeding 1 million KRW, due to the suspension of Travel Rule Solution services from VASP Bikmon, which previously allowed such transactions.
South Korean cryptocurrency exchange Upbit announced that deposits and withdrawals exceeding 1 million KRW are no longer possible, due to VASP Bikmon— which enables deposit and withdrawal services for virtual asset service providers (VASPs) above 1 million KRW — discontinuing its Travel Rule Solution service.
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