Court Halts Upbit's 'Business Suspension'... Dunamu's Injunction Accepted
Summary
- The Seoul Administrative Court accepted Dunamu's injunction request, suspending the FIU's partial business suspension order.
- The FIU stated that Dunamu violated the Specific Financial Information Act and imposed measures to restrict the transfer of virtual assets by new customers.
- Dunamu applied for an injunction along with a lawsuit to cancel the order, resulting in the suspension of the business suspension by the court's acceptance.
The business suspension order imposed on Upbit, a virtual asset (cryptocurrency) exchange operated by Dunamu, by the Financial Intelligence Unit (FIU) seems to be halted.
According to the industry on the 27th, the 5th Administrative Division of the Seoul Administrative Court accepted Dunamu's request for an injunction against the FIU the previous day. As a result, the three-month partial business suspension order imposed by the FIU from the 7th is suspended.
Previously, the FIU issued a partial business suspension order restricting the transfer of virtual assets by new customers from March 7 to June 6, claiming that Dunamu violated the Specific Financial Information Act. In response, Dunamu filed a lawsuit to cancel the partial business suspension order and applied for an injunction on the 27th of last month.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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