FIU investing Upbit for what could be the largest KYC scandals in crypto history

South Korea’s FIU investigating Upbit for failing to verify 500,000–600,000 accounts properly. Upbit could face billions in fines for KYC violations under South Korea’s laws. The exchange’s license renewal is delayed as the FIU scrutinizes possible illegal activity. South Korea’s Financial Intelligence Unit (FIU) is probing cryptocurrency exchange Upbit for what may become one of […] The post... source: https://coinjournal.net/news/fiu-investing-upbit-for-what-could-be-the-largest-kyc-scandals-in-crypto-history/