South Korea’s Financial Intelligence Unit (FIU) has uncovered numerous violations of customer verification procedures during its review of Upbit’s license renewal application. Reports indicate that the FIU found between 500,000 and 600,000 potential cases of inadequate KYC compliance at Upbit, raising concerns about the exchange’s ability to renew its license. FIU Investigation Reveals KYC Lapses The post Upbit Faces Regulatory Hurdles in South Korea Over KYC appeared first on Coin Edition .