Dunamu, the parent company of Upbit, is evaluating a ₩35.2 billion fine for KYC rule violations. The Financial Intelligence Service (FIU) has cited over 5 million violations, prompting regulatory scrutiny across South Korean exchanges.
Upbit’s commitment to compliance includes internal reviews and reinforced investor protection measures to maintain a safe trading environment. The company is considering an appeal against the fine following similar legal precedents in the industry.
Leave a Reply