X @BSCN

South Korea Fines Coinone $3.5M And Suspends Business Over AML FailuresSouth Korea's Financial Intelligence Unit has fined crypto exchange Coinone (@CoinoneOfficial) 5.2 billion won, roughly $3.49 million, and imposed a three-month partial business suspension over anti-money laundering failures, Yonhap News Agency reported.The FIU, which operates under the Financial Services Commission, found that Coinone failed to verify customer identities in around 70,000 cases and supported approximately 10,000 transact ...