Naver to Acquire Upbit Operator Dunamu
South Korea’s internet giant Naver is preparing a bold push into digital finance by acquiring Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit. The planned deal, which will reportedly be executed through a comprehensive stock swap, positions Naver to combine its fintech arm with one of the world’s
Upbit Launches GIWA to Enter Layer 2 Race
South Korea’s largest crypto exchange, Upbit, has officially unveiled its own Ethereum Layer 2 network, GIWA, built on Optimism’s OP Stack. The move underscores the company’s ambition to strengthen its role in blockchain infrastructure and offer new growth avenues beyond trading. From Rumours to Launch Speculation around GIWA began in
Upbit Faces Suspension Over KYC and AML Violations
Upbit, is under scrutiny after receiving a suspension notice from the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC). The allegations center around non-compliance with know-your-customer (KYC) standards and anti-money laundering (AML) obligations. Regulatory Crackdown on Upbit The FIU has ordered Upbit to address the violations, granting the
