Upbit Faces Regulatory Hurdles in South Korea Over KYC

Quick Summary:

South Korea’s Financial Intelligence Unit (FIU) has uncovered numerous violations of customer verification procedures during its review of Upbit’s license renewal application.

Reports indicate that the FIU found between 500,000 and 600,000 potential cases of inadequate KYC compliance at Upbit, raising concerns about the exchange’s ability to renew its license.

FIU Investigation Reveals KYC Lapses […]

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: IndiaSouth Korea

Topics: Market News Market Crypto Regulation News Upbit News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 11:28:45 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23602681

View Article Analysis

About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

Frequently Asked Questions