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Upbit Gets Reprieve: South Korea Temporarily Lifts 3-Month Ban on New Client Onboarding 3 месяца назад


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Upbit Gets Reprieve: South Korea Temporarily Lifts 3-Month Ban on New Client Onboarding

In a significant development for South Korea's cryptocurrency market, the country's financial regulators have temporarily lifted a 3-month ban on Upbit, one of the nation's largest cryptocurrency exchanges. The ban, which was imposed in December 2022, prohibited Upbit from onboarding new clients due to concerns over the exchange's anti-money laundering (AML) and know-your-customer (KYC) practices. Regulatory Compliance: The temporary lifting of the ban is conditional upon Upbit's ability to demonstrate improved regulatory compliance. The exchange has been working closely with regulators to address concerns over its AML and KYC procedures, and has implemented additional measures to enhance its compliance framework. Market Impact: The ban had a significant impact on Upbit's business, with the exchange reporting a decline in trading volume and revenue. The temporary lifting of the ban is expected to provide a much-needed boost to the exchange's operations, and may also have a positive impact on the broader South Korean cryptocurrency market. Tip the host https://link.space/@RoamingRamble buy me a coffee https://www.buymeacoffee.com/jadiri79d Amazon wishlist https://www.amazon.ca/hz/wishlist/ls/...

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