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[South Korea's Fiu Will Review Upbit's Suspected Kyc Violation On January 21] According To Korean Media Reports, The Financial Information Analysis Institute (Fiu) Of The Financial Services Commission Of South Korea Plans To Hold A Sanctions Review Committee Against Upbit On January 21. This Is Because The Previous On-site Inspection Of The Virtual Asset Service Provider (Vasp) Registration Update Found Related Issues Of Customer Identification (Kyc) Obligations Violations. The Review Results May Involve The Determination Of The Amount Of Penalties And Fines For Upbit Employees. Industry Insiders Expect That After This Sanctions Review, The Registration Update Process For Virtual Asset Service Providers Will Be Gradually Promoted. Upbit's Registration Update, Which Was Originally Scheduled To Be Completed In October Last Year, Was Delayed Due To The Incident And Is Still Awaiting The Results Of The Processing
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