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Upbit passed the report from the financial authorities… Birth of the first official virtual asset exchange

photo = upbit

Dunamu, the operator of Upbit, a virtual asset (cryptocurrency) exchange, has become the first virtual asset operator that has passed the examination by the financial authorities.

The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) announced on the 17th that it had held the first virtual asset business reporting review committee and accepted the report of Dunamu (Upbit).

Previously, the Korea Financial Intelligence Service formed a virtual asset business reporting review committee with nine outside private experts to enhance the fairness, objectivity, and professionalism of the virtual asset business reporting process.

So far, four exchanges, including Bithumb (Bithumb Korea), Coinone, Korbit, and Korea Digital Exchange (Flybit), have filed reports as virtual asset operators, and Korea Digital Asset (Coda), which has reported as a wallet operator. In addition, 27 businesses are in the process of filing a report.

Considering that there is one week left until the end of the reporting period (the 24th), the financial authorities urged virtual asset operators who have not yet filed a report to file a report promptly.

Reporter Hanna Yang Bloomingbit sheep@bloomingbit.io

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