Upbit achieves regulatory success in Singapore, securing an MPI license to expand crypto services. Singapore's clear regulatory framework cements its status as a global crypto hub. Despite this win, challenges in the evolving regulatory environment may impact future operations.
Cheng YuanUpbit's new KRW trading pair for MINA led to a 50% price surge in 24 hours.
JoyBut perhaps because it is always subject to attacks, and with a $50 million exploit in 2019 looming over their heads, Upbit's approach towards security and risk is more prudent than most.
SnakeThis approval allows Upbit Singapore to continue providing regulated Digital Payment Token (DPT) services to institutional investors while awaiting the full licence.
ClementSouth Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
CatherineUpbit fortifies security measures after enduring 159,000 network attacks in response to escalating threats.
Hui XinThis figure was disclosed by Dunamu, the operator of Upbit, to Park Sung-jung, a member of the National Assembly's Science, Technology, Information, Broadcasting and Communication Committee today.
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BitcoinworldA deceptive token masquerading as a legitimate version of Aptos briefly disrupted operations on Upbit, specifically affecting the APT token; it has since announced the resumption of services for the token.
KikyoThe Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice.
Cointelegraph