Wu said that according to the Korean Daily Economic News, the Financial Information Analysis Unit (FIU) of Korea has issued a suspension penalty notice to Upbit, the largest domestic crypto exchange, for allegedly violating the anti-money laundering obligations of customer due diligence (KYC) in the Specific Financial Transaction Information Act. According to the content of the notice, Upbit may face a suspension penalty of up to 6 months, during which new customer registrations will be restricted, but existing user transactions will not be affected. Upbit can submit its opinions on this disposal to the Financial Intelligence Agency before the 20th. After receiving Upbit's explanation, the FIU will hold a sanctions hearing on the 21st and finalize the sanctions, including the suspension period.