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report: report: South Korea’s Upbit exchange hit with business suspension penalty

2025-01-16 09:46

South Korea’s financial regulator has ordered Upbit to suspend operations as a penalty for alleged violations of AML policies.The exchange has until next Monday to submit its opinion on the penalty to the FIU, with the final decision on the penalty expected the following day.Upbit is South Korea’s largest crypto exchange and one of the world’s largest centralized trading platform in terms of volume.

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