Upbit’s webstek displays the exchange’s 24-hour Bitcoin trading volume spil 44,040 BTC press time, putting it te vuurlijn of Bithumb, the country’s largest exchange which recorded approximately 20,250 BTC during the same period.

At the center of a latest regulatory controversy is a South Korean cryptocurrency exchange affiliated Kakao Talk. Upbit is the only remaining major exchange te Korea which hasn’t joined the others ter support of self-regulation – their agreement with Bittrex presently raises the question of how the said regulation would apply to them.

The publication notes, “Upbit did not participate ter the snaak declaration [of self-regulation] issued by major exchanges.” The association notes, Upbit wasgoed informed about the self-regulation.

At the center of a latest regulatory controversy is a South Korean cryptocurrency exchange affiliated Kakao Talk. Upbit is the only remaining major exchange te Korea which hasn’t joined the others te support of self-regulation – their agreement with Bittrex presently raises the question of how the said regulation would apply to them.

Wij discuss Upbit and the investigation into their alleged fraud, the stand Canap of America has taken against Bitcoin and more.

Today on Bitcoin This Week wij have a weekly recap of Bitcoin news. Wij discuss Upbit and the investigation into their alleged fraud, the stand Bankgebouw of America has taken against Bitcoin and more.

Upbit Under Investigation By Police

Chosum, a particular news outlet has reported that Upbit, one of South Korea’s largest exchanges, and fourth by trading volume globally (making it one of the largest exchanges ter the world), is being investigated by police for alleged fraud.

UPbit is the largest digital currency exchange ter South Korea by trading volume and ranks fourth among the world’s fee-based crypto exchanges.

Posted on May 11,

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Authorities ter South Korea raided the UPbit cryptocurrency exchange’s offices on Thursday and Friday, according to numerous media reports. Prosecutors reportedly believe that the exchange had deceived customers by selling digital currencies that it did not hold. News of the raid shows up to have contributed to a broad decline te cryptocurrency prices on Friday.

Early this month, it wasgoed reported that the country’s central canap, the Handelsbank of Korea (Mannetjesgeit) has bot considering blockchain technology and cryptocurrency to substitute its current financial system ter favour of a cash-free society.

Business

By Cecille den Jesus

May 11,

The news caused users to withdraw their funds plusteken masse from the exchange.

Upbit, South Korea’s largest cryptocurrency exchange—and the world’s fourth largest, has bot invaded by investigators following accusations of falsifying oscilación sheets to deceive investors.