📣 South Korean financial regulator FIU has found 500,000-600,000 suspicious cases of KYC violations at the country's largest crypto exchange Upbit.
ℹ️ The maximum fine for each violation is 100 million won ($71,500). The total amount of potential fines could be between $35.75 billion and $42.9 billion. The renewal of the exchange's license, which must be renewed every 3 years, is in question.
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