Naver plans to acquire Dunamu, the operator of South Korea’s largest crypto exchange Upbit, through a stock swap, making Dunamu a wholly owned subsidiary. The merger could create a single digital finance platform combining payments, crypto trading, and blockchain services, while Dunamu’s management becomes the dominant voice in the combined company.
WeatherlySouth Korean regulators fined Upbit operator Dunamu ₩35.2 billion for failing to follow anti-money laundering and customer verification laws. Officials said the company recorded over eight million identification breaches, making it one of the country’s biggest penalties against a crypto firm.
WeatherlySouth Korea’s Dunamu is partnering with Vietnam’s MB Bank to launch the country’s first domestic crypto exchange. The deal will use Upbit’s technology and expertise to support Vietnam’s digital asset market and regulatory framework.
WeatherlyThe Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice.
Cointelegraph