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Cryptonews Tags Upbit

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Altcoin News
South Korean Court Lifts Upbit’s Three-Month Ban on New Customer Registrations
A South Korean court has temporarily lifted a three-month business suspension imposed on crypto exchange Upbit.
, by Ruholamin Haqshanas
DeFi News
Upbit Denies Listing Fee Allegations, Challenges Wu Blockchain to Provide Proof

Upbit denies Wu Blockchain’s claims of charging intermediary fees for token listings, demanding evidence and warning against fraudulent brokers while vowing legal action against false claims.

, by Hassan Shittu
Blockchain News
‘Upbit Dependence Could Derail New K Bank IPO Bid’ – Report

K Bank, a leading South Korean neobank, could be thwarted in its latest attempt to go public by its “dependence” on its partner, the crypto exchange giant Upbit.

, by Tim Alper
Upbit Operator Dunamu Challenges FIU’s Three-Month Suspension in Court
Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit, is suing the Financial Intelligence Unit (FIU) to challenge a three-month partial business suspension imposed for alleged violations of financial laws. According to a local report from YNA, the company filed a lawsuit...
, by Hassan Shittu
Upbit Stock Prices in Freefall Amid Probe Chaos – But Experts Predict a Strong Recovery
The stock prices of Upbit, the South Korean market-leading crypto exchange, are continuing to slump, but experts have claimed the platform could soon make a strong recovery. The exchange has been rocked this month by sanctions from the regulatory Financial Intelligence Unit and news of a tax...
, by Tim Alper
Critics Rage at South Korean Regulators’ Upbit Sanctions Verdict
Critics have hit out at South Korean regulators’ Upbit sanctions verdict, calling the punishment dished out to the crypto exchange “ineffective.” Experts were speaking after the Financial Intelligence Unit (FIU) hit Dunamu, the operator of the Upbit exchange, with a three-month business...
, by Tim Alper
South Korean Tax Service ‘Launches Probe into Upbit and Small Coin Issuers’
South Korea’s National Tax Service (NTS) has reportedly begun a tax-related probe into Upbit, the nation’s market-leading crypto exchange. The body is also reportedly investigating several other “smaller,” unnamed token issuers. Upbit Probe Reportedly Linked to Overseas Transactions Per...
, by Tim Alper
Upbit Faces Billions in Fines for 700,000 Rule Violations Amid South Korea’s Crypto Crackdown
South Korea’s Financial Services Commission (FSC) is preparing to issue sanctions against Upbit, the country’s largest cryptocurrency exchange, after uncovering over 700,000 violations of Know Your Customer (KYC) regulations. As the dominant player in the local market, controlling over 80% of...
, by Hassan Shittu
South Korean Exchange Upbit Suspends SOLVE Over Transparency Concerns
Upbit, South Korea’s leading cryptocurrency exchange, has suspended deposits for Solve.Care (SOLVE), citing a lack of transparency and potential risks to investors. The decision, communicated via an official announcement, highlights concerns over SOLVE’s business practices, including...
, by Hassan Shittu
South Korean Crypto Exchange Upbit to Delist Bitcoin Gold
South Korean cryptocurrency exchange, Upbit, has announced it will end trading support for Bitcoin Gold (BTG) on January 23, 2025.
, by Tanzeel Akhtar
South Korea’s Upbit Exchange Disburses 8.5 Billion Won to Hack Victims
South Korea’s largest cryptocurrency exchange, Upbit, has refunded 8.5 billion won ($6.07 million) to 380 victims of crypto scams.
, by Jimmy Aki
South Korea Names North Korea as Culprit Behind $41M Upbit Hack
South Korea has accused North Korea of orchestrating the 2019 hack on Upbit, which resulted in the theft of 342,000 ETH.
, by Ruholamin Haqshanas
Upbit Partner K Bank Fails in IPO Bid – Was Crypto Exchange Deal to Blame?
South Korean crypto exchange Upbit’s partner K Bank has failed in its IPO bid. And media outlets are speculating that the parties’ deal may have been to blame. According to Maeil Kyungjae, K Bank withdrew its initial public offering (IPO) application just days before it was due to float on the...
, by Tim Alper
Upbit to Store User Data on AWS Servers Starting October 1
Upbit, South Korea’s largest cryptocurrency exchange, has revealed plans to store user data on Amazon Web Services (AWS) servers.
, by Ruholamin Haqshanas
Upbit Temporarily Halts NEAR Transactions Ahead of Network Upgrade
Upbit, one of the leading global cryptocurrency exchanges, has temporarily suspended deposit and withdrawal services for NEAR Protocol (NEAR) due to an upcoming network upgrade. This suspension, scheduled to begin on August 26, 2024, is a precautionary measure to ensure the safety and security of...
, by Hassan Shittu
South Korean Crypto Exchange Staff Bill ‘Outstrips Commercial Banks’
Some South Korean crypto exchange workers are getting paid more than staff in some of the nation’s top commercial banks, new data shows.Per News1, average salaries have “more than doubled” year-on-year at the Upbit exchange. The platform’s operator has also paid out over...
, by Tim Alper
Top South Korean Crypto Exchanges to Pay 300M Won Supervisory Fee
South Korea is preparing to impose a supervisory fee for crypto operators in the country, based on their operating revenue. The Financial Services Commission (FSC) of South Korea implemented the ‘Virtual Asset User Protection Act,‘ effective July 19. Under the legislation, South...
, by Sujha Sundararajan
Upbit Emerges as South Korea’s Dominant Crypto Exchange with an 80% Market Share
Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured the majority of the Korean crypto market.
, by Ruholamin Haqshanas
Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest
Upbit, one of South Korea's largest cryptocurrency exchanges, has temporarily suspended deposits and withdrawals exceeding 1 million Korean won ($721).This decision, outlined in an official statement released today (April 17), follows modifications to the operations of Ten&Ten, a local...
, by Hassan Shittu
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