Upbit license renewal on hold after authorities uncover 500k suspected KYC violations

CAT November 15, 2024 1 min read

Trisha Husada

South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report…

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Upbit license renewal on hold after authorities uncover 500k suspected KYC violations

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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