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 ...
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 ...
South Korea's leading digital asset exchange, Upbit, has expanded its trading offerings by adding support for Ondo Finance (ONDO) in the KRW, BTC, and USDT markets. The announcement today, June 14, detailed the timelines and procedures for the new trading options. Deposits and withdrawals for ONDO tokens on the Ethereum ...
Upbit, a popular South Korean cryptocurrency exchange, has announced that it is suspending deposits and withdrawals due to changes affecting Ten&Ten, a local virtual asset provider which acts as the key facilitator of these services on the platform. The exchange cited the suspension of Ten&Ten's Travel Rule Solution service as ...
