South Korea Exchange Upbit Faces Probe Over KYC Violations, Here’s All
1 min read
Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification. The violations have raised concerns about money laundering risks. The exchange’s ability to renew its license is now in jeopardy. Authorities are closely examining The post South Korea Exchange Upbit Faces Probe Over KYC Violations, Here’s All appeared first on CoinGape .
Source: CoinGape
