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Korean exchange Coinone sues the Korea Financial Intelligence Unit, seeking to halt regulatory penalties
Mars Finance News: South Korean cryptocurrency exchange Coinone has filed a lawsuit against the South Korean Financial Intelligence Unit (FIU) regarding the enforcement measures and has applied to the Seoul Administrative Court to halt the implementation, 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, the 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.