Tag: Upbit

source: mk.co.kr

Upbit Faces Scrutiny Over Suspected KYC Violations Amid License Renewal Review

South Korea's Financial Intelligence Unit (FIU) has reportedly launched an intensive review of Upbit's operations over alleged non-compliance with Know Your Customer (KYC) requirements. The regulator allegedly uncovered 500,000 to 600,000 cases where the country's largest cryptocurrency exchange might fallen short in its customer verification procedures, according to local media ...

source: tradesanta.com

Upbit to Store User Data on AWS Starting October 1

Upbit, South Korea's largest cryptocurrency exchange, has announced plans to update its privacy policy and migrate customer's data to U.S.-based servers starting October 1. The exchange noted that it will use Amazon Web Services (AWS) to host these data with the aim of enhancing its service reliability while ensuring compliance ...

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