South Korean Court Halts Upbit’s Three-Month Business Restriction

Upbit and its parent company, Dunamu, secured a notable win after the Seoul Administrative Court temporarily suspended a three-month business restriction imposed by South Korea’s Financial Intelligence Unit (FIU). New Upbit users can continue depositing and withdrawing crypto assets until at least 30 days after the main lawsuit’s final judgment. Court Suspends Upbit Business Restriction Local media reported that the decision came after Dunamu challenged the FIU’s disciplinary action. Specifically, Upbit’s parent company argued that the penalties were excessive source: https://beincrypto.com/upbit-court-suspends-business-restriction/