The South Korean court has suspended the three-month business restriction penalty against Upbit

ChainCatcher news, the Seoul Administrative Court in South Korea has temporarily suspended the Financial Intelligence Unit (FIU)'s "three-month partial business suspension" penalty against Dunamu, the parent company of the cryptocurrency exchange Upbit. The court has approved Dunamu's administrative lawsuit and emergency suspension application, and the penalty will only be reinstated 30 days after the main case judgment takes effect. This move means that new users of Upbit can continue to recharge and withdraw cryptocurrency assets.

Previously, the FIU accused Upbit of trading with unregistered overseas exchanges without real-name verification, violating the "Special Financial Transactions Information Act."