South Korea Flags Upbit for Unreported Foreign Crypto Deals
Upbit faces sanctions for not meeting KYC and AML requirements in South Korea. 700,000 KYC violations found, risking a suspension of new customer sign-ups. Upbit’s unreported foreign operations are also under investigation for regulatory breaches. South Korea’s Financial Services Commission (FSC) issued a warning to Upbit about potential sanctions. These sanctions could prevent Upbit from … Read more