South Korea’s leading cryptocurrency exchange Upbit is facing suspension. A regulatory storm is brewing due to Know Your Customer (KYC) violations. The platform may be suspended for not fulfilling its obligations, which could affect new users for 6 months. Local newspaper Naver reports that the Financial Intelligence Unit is taking action against the exchange.
This week was extremely exciting. The number of executive appointments in fintech, forex and cryptocurrencies increased dramatically. This trend highlights the rapid development of financial…
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