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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...

Howard Schultz backs...

Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer...

Pakistan Economic Survey...

Finance Minister Senator Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 today, outlining the country’s economic performance for the fiscal year. ...

RBI Cuts Repo...

Last Updated:June 09, 2025, 10:57 ISTThe RBI cut the repo rate by 50 basis points to 5.50 percent. Banks like Bank of Baroda, PNB,...

Will Rs 500...

New Delhi: A viral YouTube video recently claimed that Rs 500 currency notes will stop being used from March next year. However, the Central...

Strikes by airport...

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

Larger-than-expected surprise: RBI...

RBI monetary policy today RBI MPC Meeting: In a big cheer for loan borrowers, RBI governor Sanjay Malhotra announced a more-than-expected 50 basis...

737 Max: US-Boeing...

A lawyer representing 16 families of the victims of a fatal Boeing 737 Max crash, has told the BBC that a deal between the...