South Korea's Woori Technology is reportedly considering selling its stake in Dunamu, the parent company of Upbit, the largest crypto trading platform in the country. Woori invested 5.5 billion KRW in Dunamu in 2015, now holding a 7.22% stake valued at around $300.7 million. The potential sale comes amidst investigations into Upbit for KYC violations and market dominance concerns. President Yoon Suk Yeol's recent emergency martial law declaration caused significant selling activity in the local crypto market. Upbit saw a 44.7% rise in trading volume, reaching nearly $28 billion in 24 hours. Other exchanges also reported upticks in trading. The article also discusses the importance of regulatory debates, XRP's market cap surge, and the need for a crypto-friendly environment in South Korea. Read more AI-generated news on: https://app.chaingpt.org/news