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…

Go here to Read this Fast! Upbit license renewal on hold after authorities uncover 500k suspected KYC violations

Originally appeared here:
Upbit license renewal on hold after authorities uncover 500k suspected KYC violations

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

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

Related Stories

XRP Ledger shows signs of increasing usage, suggesting XRP price increase

Solana co-founder Stephen Akridge accused of misappropriating ex-wife’s crypto gains

Pudgy Penguins [PENGU] price prediction – Rally depends on THIS level holding up!

You may have missed

Donald ***** asks the Supreme Court to delay the TikTok ban

NYT Wordle today — answer and my hints for game #1288, Saturday, December 28

Quordle today – my hints and answers for Saturday, December 28 (game #1069)

NYT Strands today — my hints, answers and spangram for Saturday, December 28 (game #300)