Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.
South Korea news
Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.
South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever though.
Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios.
South Korean law allows spouses to claim cryptocurrency and Bitcoin holdings during divorce proceedings, recognizing them as marital assets, law firm says.