Tag: South Korea crypto regulation

$34 Billion Potential Penalties for Korean Crypto Exchange Upbit Over KYC Failures

$34 Billion Potential Penalties for Korean Crypto Exchange Upbit Over KYC Failures

Upbit, South Korea's largest crypto exchange, faced a $34 billion potential fine for failing KYC checks on over half a million users. The actual $120 million penalty forced sweeping reforms-and changed global crypto regulation forever.

Read More