Upbit hit by South Korea's FIU business suspension
South Korea's Financial Intelligence Unit (FIU) announced a partial business suspension for Upbit, a leading South Korean cryptocurrency exchange, effectively halting crypto...
South Korea's Financial Intelligence Unit (FIU) announced a partial business suspension for Upbit, a leading South Korean cryptocurrency exchange, effectively halting crypto...
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Upbit emphasized that the FIU’s sanctions “may be subject to change” through procedures in accordance with relevant regulations.
The directors of the Securities and Exchange Commission’s regional offices will reportedly be soon out of a job as the agency looks to cut costs.
The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.