South Korean court suspends three-month business restriction on Upbit

Odaily News The Seoul Administrative Court of South Korea has ruled to temporarily suspend the "three-month partial suspension of operations" penalty imposed by the Financial Intelligence Analysis Unit (FIU) on Dunamu, the parent company of the crypto exchange Upbit. The court has approved Dunamu's administrative lawsuit and emergency suspension application, and the penalty will not be resumed until 30 days after the main case judgment takes effect. This means that new Upbit users can continue to deposit and withdraw crypto assets. Previously, the FIU accused Upbit of violating the Special Financial Law by trading with overseas unregistered exchanges without real-name verification.