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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...

IMF, Pakistan close...

Pakistan and the International Monetary Fund (IMF) are edging closer to an agreement on proposed tax relief for the salaried class in the...

LPG, EPFO 3.0...

Last Updated:June 01, 2025, 09:01 ISTWhether you're a salaried employee, a credit card user, or someone with fixed deposits, here’s a quick look at...

Big Relief For...

New Delhi: Retired central government employees who were part of the NPS and retired on or before March 31, 2025, now have a reason...

Business confidence in...

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

What is TACO...

US President Donald Trump (Pic credit: AP) As Wall Street weathers several waves of tariff threats from US President Donald Trump, a new...

Temu’s Chinese owner...

PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump's trade...

Epic Universe opens...

The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025.Thomas Simonetti | Bloomberg | Getty ImagesORLANDO,...

Budget discussions with...

The International Monetary Fund (IMF) has announced that discussions on Pakistan’s fiscal year 2026 (FY26) budget will continue over the coming days, following...