South Korea Sanctions Upbit

South Korea Sanctions Upbit Over Regulatory Violations

Upbit, South Korea’s leading cryptocurrency exchange, faces a three-month partial suspension due to regulatory violations, including inadequate customer verification. While new users can’t transfer assets during this period, existing users can continue trading as Upbit commits to enhancing its compliance measures.

Upbit Attains MPI License in Singapore

Upbit Attains MPI License in Singapore, joining other elite crypto platforms. The MPI license means Upbit is in compliance with rigorous standards in Singapore, solidifying its position as a trustworthy and secure platform for crypto transactions.

Upbit Review

Upbit

Upbit Singapore is the international version of South Korea-based crypto exchange Upbit. The platform benefits from Upbit’s strong reputation in South Korea and is generally viewed as a relatively safe exchange, but the globally available Singapore version offers a very limited experience. It only provides basic Bitcoin spot trading, and supports only SGD bank transfer deposits. It completely lacks any and all features such as derivatives, leverage, broader fiat options, rewards, or advanced trading tools.