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Upbit Suspends the Deposit and Withdrawal of Digital Assets Above 1 Million Won Through Delio and Btrade

According to official announcements from Upbit, in order to protect users and prevent accidents, due to issues discovered during regular and non-regular risk assessments, they have decided to temporarily suspend digital asset deposit and withdrawal transactions of 1 million Korean won or more conducted through Delio and Btrade.

Deposits made through Delio and Btrade before the suspension will be reflected in the account after completion of the deposit source verification process, while deposits made after the suspension will be refunded.Upbit stated that this measure is to ensure the safety of funds and prevent money laundering.

Digital Asset Money Laundering
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