PANews reported on April 9th that, according to DigitalAsset, a South Korean court ruled in favor of Dunamu (Upbit's operator) in its administrative lawsuit against the Financial Intelligence Service (FIU), overturning the FIU's three-month partial business suspension order. The court held that, in the absence of specific implementation guidelines from the regulatory authorities, Dunamu had taken certain measures, including soliciting commitments from customers and conducting self-monitoring. While acknowledging that there was debate about whether these measures were sufficient to prevent transactions with unreported operators, the court concluded that Dunamu had fulfilled its reasonable obligations in the absence of clear guidance. Previously, the FIU had imposed a three-month partial business suspension order on Upbit due to deficiencies in its control over transactions with unreported operators.
Upbit operator Dunamu won its lawsuit against the Korea Financial Intelligence Service, and its three-month suspension order was overturned.
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Author: PA一线
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