The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea reported that Hanbitco, a South Korean cryptocurrency exchange, frequently engaged in abnormal trading behavior such as self-registration. On the 13th, the FIU fined Hanbitco 1.942 billion won (1.43 million US dollars) for "violating the obligation to verify customers and restrict transactions" and "violating the obligation to provide information when transferring virtual assets."
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South Korea’s FSC Fines Crypto Exchange Hanbitco 1.942 Billion Won for Violating Trading Rules
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