📢The Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission recently imposed sanctions on local crypto finance company Delio, ordering it to suspend operations for three months, fine it up to 1.896 billion won (approximately US$1.44 million), and fire a senior executive. The sanctions took effect on August 31. 🚫

The FIU stated that Delio was sanctioned this time for three reasons: first, Delio violated regulations by conducting transactions with undeclared virtual asset service providers (VASPs); second, it failed to conduct a money laundering risk assessment before providing new goods and services; and finally, it failed to conduct a money laundering risk assessment before providing new goods and services. Fulfill obligations such as customer identification. 🔍

As amateurs in the blockchain industry, we always pay attention to global blockchain regulatory developments, industry trends, and cryptocurrency news. 💡 Let us pay attention to the development of this industry together and look forward to the bright future of Bitcoin! 🚀