South Koreas FIU Investigates Upbit Over 600,000 KYC Violations Amid License Renewal

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South Korea’s Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country’s leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations. Monopoly Concerns and Regulatory Scrutiny As per local news reports, …

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