The South Korean encryption exchange may face a fine of 183 trillion won due to KYC violations.

On July 17, South Korean lawmaker Min Byung-deok stated that a certain trading platform could face fines of up to 183 trillion won due to KYC violations and other infractions. Based on domestic banking cases, the fine amount could range between 45 trillion and 95 trillion won. According to data from the Financial Intelligence Unit (FIU), the trading platform has over 9.57 million violations, of which approximately 9.34 million are related to customer identification issues. Currently, the FIU has implemented business suspensions and personnel accountability, but the fine amount has yet to be determined.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
SerNgmivip
· 1h ago
This is a top-notch method to play people for suckers.
View OriginalReply0
LayoffMinervip
· 07-17 08:48
One year of mining has resulted in experience losses.
View OriginalReply0
TokenUnlockervip
· 07-17 08:41
Now no one is really playing in the crypto world.
View OriginalReply0
FloorPriceWatchervip
· 07-17 08:38
This is getting serious.
View OriginalReply0
SigmaValidatorvip
· 07-17 08:21
KYC can't be avoided now.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)