Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector. South Korea’s year-end move against Korbit marks a decisive moment for the country’s digital asset industry, as regulators signal […] The post South Korea fines Korbit $1
source: https://coinjournal.net/news/south-korea-fines-korbit-1-8m-over-compliance-failures/