Tag: Upbit

source: tradesanta.com

Upbit Facilitates Korea’s First Legal Crypto Sale by a Non-Profit

South Korean cryptocurrency exchange Upbit has successfully facilitated the nation’s first legally sanctioned cryptocurrency transaction by a non-profit organization. This development highlights the government’s ongoing efforts to attract corporate and institutional players to the digital asset space. JUST IN: 🌍World Vision Korea becomes the first nonprofit to sell crypto in ...

source: thecryptobasic.com

South Korea’s FSC Nears Decision on Sanctions Against Upbit Over Identity Verification Failures

South Korea’s Financial Services Commission (FSC) is preparing to announce its decision on potential sanctions against Upbit, the country’s largest cryptocurrency exchange, following extensive customer identity verification regulations violations. According to The Korea Times, an investigation into Upbit’s business license renewal uncovered over 700,000 instances of non-compliance with key anti-money ...

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