Upbit News
Upbit Faces Regulatory Hurdles in South Korea Over KYC
Upbit faces scrutiny as FIU finds 500,000-600,000 KYC compliance issues in license review. FIU inspections reveal potential fines up to 100 million won per KYC…
Binance’s Dominance in South Korea Sparks Anti-Monopoly Concerns
Binance has 22 times the volume of all Korean crypto exchanges combined. The price of BTC hit an all-time high on Korean exchanges at 120…
SAFE Outperforms APE, Market Cap Soars After Upbit Listing
SAFE surges 66% following Upbit listing, outperforming Apecoin's 63% rally. First-time SAFE accumulators add $2.24M in just one hour post-announcement. Korean exchanges are driving crypto…
Upbit’s Market Power in South Korea Attracts Regulatory Flak
FSC investigates Upbit's market dominance due to concerns over its K-Bank partnership. Upbit's control could risk K-Bank's stability, accounting for 20% of its total deposits. …
Crypto Billionaires in South Korea: Young Investors Hold $739 Million
Upbit and Bithumb’s study reveals that 185 young South Koreans hold KRW 1 billion in cryptocurrencies. 3,759 individuals own crypto accounts with their portfolio exceeding…
Upbit Listings Spark Price Surges for MINA, CTC, and Other Tokens
Several tokens listed on Upbit saw notable price increases, driven by high trading volumes and market interest. Stable performers like Astar and Tottenham Hotspur tokens…
South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges
South Korea imposes a new "quasi-tax" on crypto exchanges. Upbit, Bithumb, Coinone among exchanges facing new fees. Tax aims to strengthen oversight and combat crypto…
KakaoTalk’s Klip Wallet Adapts to South Korea’s Stricter Crypto Rules
South Korea’s messaging app KakaoTalk reduces the functionality of its crypto wallet, Klip. Users can use Klip’s standalone app for crypto-related services. KakaoTalk’s move aligns…
DAXA Leads Altcoin Review in South Korea, Aims to Boost Investor Confidence
South Korea reviews 1,333 tokens to check their compliance with user protection legislation in the next six months. The announcement eliminates speculations of a mass…
South Korea Tightens Crypto Oversight with New User Protection Law
South Korea embraces a new regulatory framework to satisfy the public expectation of a crypto-friendly regulation. The FSC Chairman Kim Joo-hyun states that the new…
