According to edaily, the Korea Financial Intelligence Unit (FIU) has determined that Coinone violated anti-money laundering obligations, deciding to impose a three-month partial business suspension and a fine of approximately 5.2 billion Korean won, restricting only new user asset transfers in and out. FIU stated that Coinone supported over 10k transfer transactions with 16 unregistered overseas virtual asset service providers, and there were about 40k cases of customer identity verification violations and approximately 30k cases of transaction restriction violations. Coinone said it will promote rectification and is considering whether to file a lawsuit.