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Crypto Exchange Dunamu Faces $24.3 Million Fine Over Customer Identification Violation | Economy News

New Delhi: South Korea's financial watchdog on Thursday slapped a fine of 35.2 billion won ($24.3 million) on Dunamu, the operator of the country's top cryptocurrency exchange, Upbit, for violating customer identification obligations.  The Financial Intelligence Unit (FIU) under the Financial Services Commission said Dunamu did not comply with its obligations to verify the identities of users in about 5.3 million cases and committed other violations, including failing to report 15 suspicious transactions, reports Yonhap news agency. In particular, the company accepted photocopies or re-photographed image files of user portraits, in...

A New Era...

Concluded on July 31, 2025, the deal reduces average US import tariffs on Pakistani goods to 19%, sparing the country from facing duties...

8th Pay Commission:...

Last Updated:August 03, 2025, 14:14 ISTMinister Pankaj Chaudhary has given the update on the 8th pay commission in a written reply to the Rayja...

Looking For Higher...

New Delhi: Fixed deposits (FDs) are a trusted way to grow your savings with low risk and assured returns. While most people think of...

Business news live:...

British steelmakers regain access to EU marketThe government have confirmed British steelmakers will regain access to the EU from today, 1 August, under a...

Pharma downplays 25%...

India’s pharmaceutical sector has given its insights into US President Donald Trump’s announcement of a 25 per cent tariff on all Indian...

Adidas to raise...

Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices for...

Spirit Airlines to...

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.Kevin Carter...