Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.”
Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU).Upbit reported its virtual asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator Dunamu announced the news on Friday, The Korea Economic Daily reported.Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit, and reportedly makes up more than 80% of the local cryptocurrency market. FSC vice chairman Doh Gyu-sang said that the authority is ready to accept more reports from the most popular South Korean exchanges in the near future. The official said that the FSC expects one or two more cr
Źródło: https://cointelegraph.com/news/upbit-reportedly-first-crypto-exchange-to-file-with-korean-regulators
