South Korea court temporarily lifts Upbit's suspension, allowing new clients

From Cointelegraph

March 27, 2025 04:34 AM:

A South Korean court temporarily lifts Upbit’s partial business suspension, allowing the exchange to service new clients. Upbit’s parent company, Dunamu, filed a lawsuit against the FIU, seeking to overturn the suspension order. Investigations into Upbit led to a 3-month suspension for potential violations of anti-monopoly laws and KYC rules.

South Korea strengthens oversight of cross-border crypto asset transactions. The government introduces a reporting mandate for businesses handling cross-border transactions with digital assets to prevent tax evasion and currency manipulation. Google Play blocks applications of 17 unregistered crypto exchanges at the request of the FIU.

Read more at Cointelegraph: South Korea temporarily lifts Upbit’s 3-month ban on serving new clients