Upbit Considering Appeal of $25M Fine by South Korea Regulator

Upbit, one of the leading cryptocurrency exchanges in South Korea, is currently contemplating the possibility of appealing against a substantial fine amounting to $25 million that has been imposed on it by the nation's financial regulatory authority. The fine reportedly stems from alleged violations of existing financial regulations and compliance standards, raising concerns about the exchange's operational practices. As Upbit evaluates its options, the outcome of this situation could have significant implications for its future and for the broader cryptocurrency market in South Korea. source: https://www.coindesk.com/policy/2025/11/25/upbit-considering-appeal-of-usd25m-fine-by-south-korea-regulator