FIU investing Upbit for what could be the largest KYC scandals in crypto history
South Korea’s FIU investigating Upbit for failing to verify 500,000–600,000 accounts properly. Upbit could face billions in fines for KYC violations under South Korea’s laws. The exchange’s license renewal is…
Venezuela halting Petro crypto amid scandals and setbacks
Venezuela officially halts Petro crypto after six years, converting assets to bolivar. Petro faced scepticism and limited adoption. Corruption scandal and crackdown on Bitcoin mining contributed to Petro’s downfall. Venezuela…