đ Fresh news from the crypto world! đ
- South Korea's top cryptocurrency exchange Upbit is under scrutiny from local financial regulators.
- The Financial Services Commission (FSC) will investigate Upbit for potential antitrust violations.
- During an audit, concerns were raised about Upbit's monopoly and its relationship with online bank K-Bank.
- FSC Chairman Kim Byung-hwan confirmed the investigation and mentioned the implementation of the Electronic Financial Transactions Act.
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