EddieJayonCrypto

 1 Mar 25

tl;dr

Ad Dunamu, the parent company of South Korea's Upbit, has filed a lawsuit against the country's Financial Intelligence Unit (FIU) over a business suspension order. The FIU accused Upbit of inadequate customer due diligence and imposed a suspension on new customer asset transfers. Dunamu argues that ...

Upbit owner Dunamu, the parent company of South Korea's Upbit, has filed a lawsuit against the country's Financial Intelligence Unit (FIU) over a business suspension order. The FIU accused Upbit of inadequate customer due diligence and imposed a suspension on new customer asset transfers. Dunamu argues that the penalty will significantly impact its operations and claims to have taken necessary compliance measures.

In a separate development, South Korea's Seoul Southern District Prosecutors' Office has established a specialized Joint Investigation Unit (JIU) to combat cryptocurrency-related crimes, comprising 35 financial regulators and prosecutors. This initiative follows the success of a temporary task force set up in 2023 and aims to address the increasing complexity of cryptocurrency-related offenses.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 21 Jul 25
 21 Jul 25
 21 Jul 25