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South Korea’s FIU Investigates Upbit Over 600,000 KYC Violations Amid License Renewal

The post South Korea’s FIU Investigates Upbit Over 600,000 KYC Violations Amid License Renewal appeared first on Coinpedia Fintech News South Korea’s Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country’s leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations. Monopoly Concerns and Regulatory Scrutiny As per local news reports, … NullTx

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Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet

The post Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet appeared first on Coinpedia Fintech News Goldman Sachs has reported a big increase in its Bitcoin ETF holdings, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). As of September 30, the bank held $710 million in Bitcoin ETFs. This includes a 156% increase in $BITB shares and a 116% rise in $GBTC shares since August. This … NullTx