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Upbit Suspension Frozen by Court, Crypto Giant Back in Action

  • A South Korean court has temporarily halted a regulatory suspension imposed on Upbit, allowing the crypto exchange to resume new user registrations.
  • The Financial Intelligence Unit accused Upbit of conducting transactions with unregistered foreign crypto service providers.
  • The court granted an injunction that allows Upbit to continue operations until authorities make their final determination.
  • Bithumb, another South Korean crypto exchange, is being investigated for misusing company resources during a real estate deal.

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