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Upbit under regulatory spotlight as South Korea eyes crypto market dominance

By Jenny Lee ( March 25, 2025, 06:58 GMT | Insight) -- South Korea’s largest cryptocurrency exchange, Upbit, is coming under increased regulatory scrutiny as government agencies begin discussions on how to address its dominant market position and its potential impact on competition. The Financial Services Commission and the Korea Fair Trade Commission have begun working-level discussions on the issue, MLex was told, exploring potential regulatory responses within their respective mandates to address the structural imbalance in the virtual asset exchange market.South Korea’s largest cryptocurrency exchange, Upbit, is coming under increased regulatory scrutiny as government agencies begin discussions on how to address its dominant market position and its potential impact on competition....

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