South Korea temporarily lifts Upbit’s 3-month ban on serving new clients

A South Korean court temporarily lifted the partial business suspension on crypto exchange Upbit that had prohibited the trading platform from servicing new clients for three months.  On Feb. 25, South Korea’s Financial Intelligence Unit (FIU) sanctioned the exchange, imposing a three-month ban on deposits and withdrawals for new clients. The FIU previously said the suspension was in response to Upbit’s violations of policies that prohibit exchanges from transacting with unregistered virtual asset service providers (VASPs) source: https://cointelegraph.com/news/upbit-30-day-ban-dunamu-lawsuit-injunction-fiu-fsc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound