South Korea probes Upbit for 600K KYC violations
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.
Post from: Cointelegraph.com News
Tags: Upbit, Cryptocurrency Exchange, South Korea, Know Your Customer, Money Laundering, Anti-Money Laundering laws, KYC, AML, IDs, Verification