---
title: "South Korea probes Upbit for 600K KYC violations"
url: https://diffcoin.com/south-korea-probes-upbit-for-600k-kyc-violations/
description: "Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.…"
published: 2024-11-15
updated: 2024-11-15
author: "Mila"
site: "Diffcoin"
---

# South Korea probes Upbit for 600K KYC violations

Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

[Source link](https://cointelegraph.com/news/upbit-kyc-violations-license-renewal-south-korea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)