Upbit halts large transactions due to service suspension by Ten&Ten. Deadline for asset withdrawal: April 22. Reflects market volatility and regulatory scrutiny in South Korea. Bitcoin hits record high amidst ongoing challenges.
Xu LinSouth Korean cryptocurrency exchange Upbit secures full licensing from Singapore's regulatory authority, expanding its crypto services in the region. This milestone marks Upbit's leap towards enhanced offerings and market growth in Singapore's dynamic crypto landscape.
JoyUpbit achieves regulatory success in Singapore, securing an MPI license to expand crypto services. Singapore's clear regulatory framework cements its status as a global crypto hub. Despite this win, challenges in the evolving regulatory environment may impact future operations.
Cheng YuanBut perhaps because it is always subject to attacks, and with a $50 million exploit in 2019 looming over their heads, Upbit's approach towards security and risk is more prudent than most.
SnakeThis approval allows Upbit Singapore to continue providing regulated Digital Payment Token (DPT) services to institutional investors while awaiting the full licence.
ClementSouth Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
CatherineUpbit fortifies security measures after enduring 159,000 network attacks in response to escalating threats.
Hui XinThis figure was disclosed by Dunamu, the operator of Upbit, to Park Sung-jung, a member of the National Assembly's Science, Technology, Information, Broadcasting and Communication Committee today.
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BitcoinworldThe Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice.
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