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Korean exchange Coinone sues the Korea Financial Intelligence Unit, seeking to halt regulatory penalties
ME News Report, April 28 (UTC+8), South Korean crypto exchange Coinone has filed a lawsuit against the South Korean Financial Intelligence Unit (FIU) sanctions and applied to the Seoul Administrative Court to halt enforcement, attempting to suspend the relevant measures before the sanctions take effect on April 29. The core content of the sanctions is to restrict new users from depositing and withdrawing crypto assets to external exchanges. Previously, 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. (Source: ODIALY)