Upbit Singapore has announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major step towards solidifying its position in the regulated digital asset exchange. Moreover, Upbit Singapore is now well-positioned to play a key role in the growing digital
Upbit Singapore received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Upbit’s foothold in Singapore’s flourishing crypto sector has been bolstered by the announcement. The MAS has given Upbit Singapore Pte. Ltd. an in-principle approval (IPA) for an MPI license, a
Upbit, the biggest crypto exchange in South Korea, has suffered a significant security breach, sending shockwaves. This comes after the trading platform found earlier on Sunday that a fraudulent deposit had been made using a crypto that was mistaken for the real Aptos (APT) token. Korea-based media site “Web 3
According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s
The prosecutors in South Korea have conducted a raid on the two local crypto exchanges as part of the investigation into the digital assets of lawmaker Kim Nam-kuk. Yonhap, a South Korean news agency, reported that a group of prosecutors from the Seoul southern district office raided the two crypto
Upbit, the biggest cryptocurrency exchange in South Korea, has joined other major exchanges like Binance, Coinbase, OKX, Huobi, and others because of the widespread interest in the Sui network and its native token, SUI. Developed by Mysten Labs, the Sui mainnet for the DPoS Layer 1 blockchain is set to
Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include
Upbit’s Luna Fee Utilization Committee has agreed to split transaction fees. A white paper explaining what led to the LUNA problem is part of the near-term agenda. Upbit, the leading cryptocurrency exchange in South Korea, has a plan to split the about $4.6 million in Terra LUNA transaction fees it
Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in
LTC brings out new privacy protocol updates. Exchanges worried over the new update. LTC may face the same fate as that of LUNA. Usually, a token gets an update to upgrade itself, specializing it more for the users. More the users and circulation, more will be the value of that
