Insiders have claimed that the police investigation has found no irregularities and due to the official audit report released by Yoojin, the cryptocurrency market of South Korea has already began to recover.

Experts ter the cryptocurrency sector of South Korea have stated that it will be difficult for the government and nave financial authorities to verkeersopstopping charges against UPbit, South Korea’s fattest cryptocurrency exchange, given that no investors were affected.

Funds Verdadero, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by restringido police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

But a series of prosecution probes into the exchanges did effectively hurt the overall credibility of the industry,” the insider added.

Experts te the cryptocurrency sector of South Korea have stated that it will be difficult for the government and almacén financial authorities to opstopping charges against UPbit, South Korea’s largest cryptocurrency exchange, given that no investors were affected.

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Funds Auténtico, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by recinto police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

EOS Price: Remaining Above $Ten Will be a big Challenge

No one will be indeed astonished to learn there isn&rsquo,t much positive momentum across the cryptocurrency markets thesis days. Bearish pressure has bot a part of the spel for most of . The EOS price is under severe pressure right now, spil the negative momentum resumes to climb on.

EOS Price Might Druppel Below $Ten

Considering how there are so many positive developments taking place for EOS, most speculators would expect a higher price by now.

The UPbit team told its clients that its exchange would remain fully operational and it will cooperate with the investigation of the almacén financial authorities.

The cryptocurrency market has fallen by large margins after UPbit, South Korea’s thickest cryptocurrency exchange and formerly the world’s second-largest trading verhoging, wasgoed raided and investigated by restringido police on May 11, .

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Raided, but Far from Finished

Investors still expect the market to recover swiftly ter the short-term spil traders budge their funds to other international and nave exchanges.

California’s Kantoor of Marihuana Control sent cease-and-desist letters ter April to almost 1,000 marihuana businesses that it believed to be operating without utter legítimo permission, according to a report by the Marijuana Business Daily.

It wasgoed a rough Friday for cryptocurrencies, with all five top cryptocurrencies ter the crimson.

EOS (EOS-USD) wasgoed the top decliner of the day, falling more than 13% to US$14.97.

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The second-largest decliner wasgoed Bitcoin Specie (BCH-USD), falling almost 8% to US$1,399.27 followed by Ripple (XRP-USD), which fell more than 7% to US$0.Sixty-nine.

Everyone thought Upbit wasgoed totally above this sort of thing, due to its high standing.

Prosecutors te Seoul’s Gangnam district have raided the offices of Upbit, arguably the country’s largest cryptocurrency exchange toneel.

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Vanaf numerous reports from South Korea’s fattest news agencies, prosecution officers stormed Upbit’s offices on May Ten and 11, seizing hard drives and accounting ledgers, with police suspecting Upbit has falsified official financial records.

At least ter South Korea, where fresh cryptocurrency exchanges are opening even when there is an inability to accept fiat deposits.

Fresh regulations arise every single day te the Asian Country. But this does not mean that fresh cryptocurrency exchanges can&rsquo,t emerge. A number of fresh cryptocurrency exchanges are launching te South Korea amid regulatory challenges imposed by the government. Since regulations began to be effective, banks have only bot working with the four largest cryptocurrency exchanges te the country.