PiCK
Financial Services Commission: "No Decision Made on Upbit's Business Suspension"
YM Lee
Summary
- The Financial Services Commission announced that Upbit's business suspension sanctions have not been finalized.
- Upbit also stated that sanctions have not been finalized and that they will continue to provide explanations through procedures.
- Investors need to pay attention to whether Upbit will face sanctions in the future.
The Financial Services Commission has issued an official statement regarding reports that the domestic virtual asset (cryptocurrency) exchange Upbit has been subjected to a business suspension.
On the 16th, the Financial Services Commission announced through a press release that "no decision has been made yet regarding sanctions on Upbit."
Previously, Upbit also stated, "No sanctions have been finalized yet, and we will continue to provide explanations through future procedures."
YM Lee
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