Upbit’s license renewal in limbo; Hong Kong tightens VASP rules

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CoinGeek 15h ago

Upbit’s license renewal in limbo; Hong Kong tightens VASP rules - CoinGeek

Quick Summary:

South Korea is uncertain whether Upbit will have its license renewed due to possible KYC breaches; elsewhere, Hong Kong advises VASPs to be cautious of using the word "bank" in its services.

The post Upbit’s license renewal in limbo; Hong Kong tightens VASP rules appeared first on CoinGeek.

The breaches came to light during a virtual asset service provider (VASP) license renewal, prompting market observers to theorize whether the FSC will renew Upbit’s business license.