South Korea’s Financial Regulator Flags 600,000 Potential KYC Violations on Upbit

South Korea’s Financial Intelligence Unit (FIU), part of the Financial Services Commission (FSC), uncovered a staggering 500,000 to 600,000 suspected violations of Know Your Customer (KYC) requirements at Upbit, the country’s largest cryptocurrency exchange. The discovery comes during a meticulous review of Upbit’s business license renewal application, raising concerns about potential legal... source: https://beincrypto.com/south-koreas-regulator-flags-upbit-kyc-violations/