Korean Regulator Halts Some Dunamu Services Over Rule Violations
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South Korea’s Financial Services Commission has suspended some businesses of Dunamu, the parent firm of the country’s largest cryptocurrency exchange Upbit, for three months over violation of certain rules.
Dunamu violated the rule that prohibits transactions with unreported virtual asset operators, along with customer verification obligations and the obligation to report suspicious transactions, the regulator said in a statement on Tuesday. Transfer of virtual assets by new customers will be restricted from March 7 to June 6, according to the statement