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Upbit Operator Dunamu Considers Appealing $25 Million FIU Fine
11/25/2025, 16:06
AI SUMMARY
●• Dunamu weighs appeal against $25M fine from Korea's FIU
●• Sanctions stem from alleged AML and KYC regulation violations
●• Upbit remains the dominant exchange in the South Korean market
Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, is reportedly considering an appeal against a $25 million fine. The sanctions were imposed by the Financial Intelligence Unit (FIU) for alleged violations of anti-money laundering (AML) and know-your-customer (KYC) regulations.
The exchange is weighing its legal options as it navigates the regulatory landscape in South Korea, where authorities have been tightening oversight on digital asset service providers.