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Korean exchange Coinone sues the Korea Financial Intelligence Unit, seeking to halt regulatory penalties

2026-04-28 03:19:07

April 28 News, South Korean cryptocurrency exchange Coinone has filed a lawsuit against the sanctions imposed by the Korea Financial Intelligence Unit (FIU) and applied to the Seoul Administrative Court to halt enforcement, attempting to suspend the relevant measures before the sanctions take effect.
The core content of the sanctions is to restrict new users from depositing and withdrawing crypto assets to external exchanges. Previously, FIU imposed a three-month partial business suspension and a fine of 5.2 billion Korean won on Coinone for violating specific financial information laws.

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