#FIU

Highlights: South Korea’s FIU issues a suspension notice to Upbit for violating KYC and AML rules. Upbit could face suspension of up to six months, affecting new user activity and withdrawals. South Korea strengthens crypto regulations and collaborates with the […]

Highlights: Nepal’s FIU raises concerns over the growing use of cryptocurrencies in cyber-related fraud in the country. Crypto misuse complicates investigations, with fraudsters moving illicit funds across borders easily. FIU recommends enhanced crypto monitoring, financial institution training, and public awareness […]

Highlights: Upbit faces scrutiny for 600,000 suspected KYC violations during its license renewal review. Regulators link Upbit’s compliance issues to its dominant market position, raising competition concerns. Despite investigations, Upbit is expanding its trading options, listing new tokens like PEPE […]

Highlights: South Korea’s crypto investor base soared by 21% to 7.78 million in 2024’s first six months. The Asian nation also witnessed a 67% jump in daily transactions as market capitalization recorded a 27% spike. Men in their thirties dominated […]

Highlights: The Swedish Police Authority has accused crypto exchanges of money laundering. According to the FIU, some unregistered crypto exchanges are operating as PMLs. The financial regulatory body divided the PMLs into four categories, citing some distinct characteristics. The Swedish […]

An employee of Woori Bank, disclosed as Mr. A, embezzled $7.5 million (10 billion won) from the bank’s funds to invest in crypto. He started stealing money beginning this year until he previously confessed to the police on June 10th, […]