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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...

Jane Street Scandal...

Last Updated:July 18, 2025, 13:19 ISTJane Street’s Sebi ban has triggered a 35% crash in NSE’s index options premium turnover; DetailsNSE options premiumJane Street...

New UPI Rules...

New Delhi: The National Payments Corporation of India (NPCI), which operates UPI, issued a circular on July 10 introducing new guidelines regarding pre-sanctioned credit...

Chinese Labubu doll...

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the...

TCS gives out...

At TCS, the hierarchical structure begins with Y grade for trainees, progressing to C1 for systems engineers. TCS variable pay: In good news...

Bank of England...

The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor has...

Delta says segmentation...

Nurphoto | Nurphoto | Getty ImagesDelta Air Lines is studying new types of airplane tickets — this time in the premium cabins at the...

Govt revises PSDP...

The outcome, however, fell short of the planning ministry’s revised target of Rs1.1 trillion, marking an anticlimactic end to its push for full...

GLEN Industries IPO...

Last Updated:July 10, 2025, 11:50 ISTThe GMP of the GLEN Industries IPO stands at 36.08%, indicating strong sentiment among investors.GLEN Industries IPO GMP Today.GLEN...