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As Upbit faces regulatory scrutiny, South Korean banks are increasingly seeking partnerships with cryptocurrency exchanges, reflecting a changing landscape in the crypto market.
The VIRTUAL token of the Virtuals Protocol saw a significant increase after being listed on Upbit, offering trading opportunities to altcoin traders in South Korea.
Upbit's recent listing of Virtual Protocol has sparked significant trading activity and price surges, raising questions about Coinbase's choices.
South Korea's largest cryptocurrency exchange faces a suspension due to alleged violations of KYC and AML regulations.
Upbit may be faced with sanctions from South Korean regulators due to breaches in money laundering compliance.
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