South Korean court suspends three-month business restriction on Upbit

Odaily Planet Daily News: The Seoul Administrative Court of South Korea has ruled to temporarily suspend the "three-month partial business suspension" penalty imposed by the Financial Intelligence Analysis Service (FIU) on Dunamu, the parent company of the crypto exchange Upbit. The court has approved Dunamu's administrative lawsuit and emergency suspension application, and the penalty will not be resumed until 30 days after the main case judgment takes effect. This means that new Upbit users can continue to recharge and withdraw crypto assets. Previously, the FIU accused Upbit of violating the Special Gold Law by trading with overseas unregistered exchanges without real-name verification.