Upbit

Upbit, the South Korean cryptocurrency exchange, has made a significant stride in its global expansion plans with the recent in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This pivotal regulatory development positions Singapore as a key hub for Upbit’s international operations. Upbit’s parent company, Dunamu, expressed its […]

South Korean financial regulators are closely monitoring over-the-counter (OTC) crypto trading due to growing concerns about its potential use in illegal activities.  Park Min-woo from the Financial Services Commission (FSC) and Deputy Chief Prosecutor Ki No-Seong and other vital regulatory officials convened a session titled “Criminal Legal Issues Related to Virtual Assets,” per the report […]